1. Name

These Regulations may be cited as the AIFC Foundations Regulations 2019.

2. Commencement

These Regulations commence on 1 April 2019.

3. Legislative authority

These Regulations are adopted by the Governor under paragraph 1 of article 3 and article 4 of the Constitutional Statute and subparagraphs 3) and 3-1) of paragraph 9 of the Management Council Resolution on AIFC Bodies.

4. Application of these Regulations

These Regulations apply within the jurisdiction of the AIFC.

5. Interpretation

(1) Schedule 1 (Interpretation) contains definitions and other interpretative provisions used in these Regulations.

(2) Schedule 2 (Application of the AIFC Arbitration Regulations) contains provisions relating to the application of the AIFC Arbitration Regulations in relation to these Regulations.

(3) Schedule 3 (Fines) contains fines applicable for Contravention of these Regulations.