Ultimate Beneficial Ownership Regulations 2018

The Board of Directors of the DIFCA, in the exercise of the powers conferred on them by Article 46 of the Operating Law, hereby make these Regulations.

1. — INTRODUCTION

1.1 — Application and Interpretation

1.1.1 These Regulations apply to: (a) companies incorporated, registered or continued under the Companies Law; (b) partnerships incorporated or registered under the Partnership Laws; (c) organisations incorporated under the Non Profit Incorporated Organisation Law; (d) foundations incorporated, registered or continued under the Foundations Law; (e) officers and owners of persons incorporated, registered or continued under a Prescribed Law; (f) the Registrar; and (g) any other person to whom this Regulation applies.

1.1.2 Defined terms are identified throughout these Regulations by the capitalisation of the initial letter of a word or phrase. Where capitalisation of the initial letter is not used, an expression has its natural meaning.

1.1.3 The following defined terms have the meaning given below:

| Defined Term | Definition