Members of an exchange or clearing house outside of the DIFC seeking Recognised Member status from the DFSA must:
• Have its head and registered offices outside the DIFC;
• Be already licensed to perform the financial services it will carry on in the DIFC in a jurisdiction outside the DIFC;
• Be regulated in that other jurisdiction to a standard satisfactory to the DFSA; and
• Be a member of, or authorised to use the facilities of, either NASDAQ Dubai or the DME.
There are also different requirements for Recognised Members that wish to deal in commodity derivatives as principal only. These and other additional requirements are contained in the DFSA Rulebook.
An application form, Form REC1, is located in Chapter 8 of the Application Forms and Notices Module (AFN) of the DFSA Sourcebook, available on the DFSA website.