Event

Timing

Information requirement

1

An event occurs which is likely to affect the AFSA's assessment of whether it is satisfied as to the Recognition Requirements.

As soon as reasonably practicable.

Particulars of the relevant event.

2

A Recognised Non-AIFC Market Institution changes its:(a) memorandum and articles of association or any similar or analogous documents; or(b) chairman or president, or chief executive (or equivalent).

In its next annual report (or first annual report, if not notified to the AFSA during the application process).

Particulars of the change and effective date.

3

Disciplinary action (or any similar or analogous action) is taken against the Recognised Non-AIFC Market Institution by any supervisory authority in its country of registration, whether or not that action has been made public in that territory.

As soon as reasonably practicable.

Particulars of the disciplinary action taken.

4

Publication of annual report and accounts.

Within fourteen days of publication or approval of the auditor, whichever is the sooner.

A copy of the annual report and accounts.

5

A Recognised Non-AIFC Market Institution proposes to change its address in the AIFC for the service of notices or other documents required or authorised to be served on it or the address of its head office.

Fourteen days before the change is effective.

The new address.

6

A Recognised Non-AIFC Market Institution has notice that any license, permission or authorisation which it requires to conduct any regulated activity in its home territory has been or is about to be revoked or modified in any way which would materially restrict the Recognised Non-AIFC Market Institution in performing any regulated activity in its home territory or in the AIFC.

As soon as practicable.

(a) particulars of the license, permission or authorisation which has been or is to be revoked or modified, including particulars of the Recognised Non-AIFC Market Institution's regulated activities to which it relates;(b) an explanation of how the revocation or modification restricts or will restrict the Recognised Non-AIFC Market Institution in carrying on any regulated activity in its home territory or in the AIFC;(c) the date on which the revocation or modification took, or will take, effect and, if it is a temporary measure, any date on which, or any conditions that must be met before which, it will cease to have effect; and(d) any reasons given for the revocation or modification.

7

A Recognised Non-AIFC Market Institution admits for the first time a Member whose head or registered office is in the AIFC.

As soon as practicable.

(a) notice of that event; (b) the address of the new Member.

8

A Recognised Non-AIFC Market Institution decides to put a Member into default.

As close to when such a decision is taken by the Recognised Non-AIFC Market Institution as practicable.

(a) notice of that event;(b) the name of the Member and (where relevant) the class of Membership; (c) the reasons for that decision; and(d) the names of any other exchange, clearing house or auction platform on which, to the best of that Recognised Non-AIFC Market Institution's knowledge, that Member clears business or transacts for, or in respect of, its clients.

9

A Recognised Non-AIFC Market Institution issues a consultation on proposed changes to its rules or procedures.

As soon as practicable.

A copy of the consultation paper and accompanying documentation.

10

Changes to Recognised Non-AIFC Market Institution's rules or procedures become effective.

Seven days before they come into effect.

A copy of the amended rules or procedures.

11

A Recognised Non-AIFC Market Institution issues guidance on or a circular relating to its rules or procedures.

Seven days before they come into effect.

A copy of the guidance or circular.

12

The Recognised Non-AIFC Market Institution becomes aware of anything which reasonably tends to show a breach, or likely breach, by itself or a third party of a provision of legislation administered by the AIFC.

As soon as possible.

Particulars of the relevant event.