AIFC LIMITED LIABILITY PARTNERSHIP RULES AIFC RULES NO. GR0006 OF 2017 (with amendments as of 27 December 2019, which commence on 1 January 2020) Approval date: 29 December 2017 Commencement date: 1 January 2018

SCHEDULE 1: FINE LIMITS

Note: See rule 5.4.

1.1. Table of fine limits

The following table sets the maximum fines that may be imposed for certain Contraventions of the AIFC Limited Liability Partnership Regulations:

SCHEDULE 2: INTERPRETATION

Note: See rule 1.5.

2.1. Meaning of Legislation Administered by the AFSA

Each of the following is Legislation Administered by the AFSA:

(a) the AIFC Financial Services Framework Regulations and the rules adopted under those Regulations;

(b) any other AIFC Regulations or AIFC Rules if the Regulations or Rules declare that they are administered by the AFSA;

(c) a provision of any other AIFC Regulations or AIFC Rules if the provision gives a Function to the AFSA or relates to the Exercise of a Function given to the AFSA by another provision of the AIFC Regulations or AIFC Rules.

2.2. Definitions for these Rules

In these Rules:

Ancillary Service Provider means an Ancillary Service Provider under Legislation Administered by the AFSA.

Authorised Firm means an Authorised Firm under the AIFC Financial Services Framework Regulations.

Authorised Market Institution means an Authorised Market Institution under the AIFC Financial Services Framework Regulations.

Financial Services has the meaning given under the AIFC Financial Services Framework Regulations.

Legislation Administered by the AFSA has the meaning given by rule 2.1 of this Schedule.