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Amendments to the AIFC GEN Rules (Annex 2)

AIFC General Rules (GEN)

In this document, a blue font and underlining indicates new text and strikethrough indicates deleted text, unless otherwise indicated.

Schedule 1: Regulated Activates

22. Developing Financial Technology Activities

(1) An activity specified in paragraph 2.3.1(c) of the AIFC FinTech Rules.

23. Testing Financial Technology Activities

(1) Financial activities which are similar to those that are already being regulated in the AIFC, where (i) a different technology is being applied; or

(ii) the same technology is being applied differently;

(2) Financial activities not regulated in the AIFC; or

(3) Activities likely to be regulated in the AIFC as a financial or an ancillary service.