The Dubai Financial Services Authority has combined two prudential reporting forms into a redesigned B110 return under changes effective from 2 October 2026. A second group of conduct, Islamic-finance and glossary amendments starts on 1 January 2027. The package applies within the Dubai International Financial Centre.[1][3]
A single return needs consistent data mapping
B110 replaces B180 and B120, with authorised firms completing the information relevant to their activities. The change consolidates the submission structure while preserving the need to identify the underlying exposures correctly.[1]
A practical conversion maps each old field to the new return while retaining its definition, reporting period and legal entity. Where two old forms used related figures, the mapping should explain whether the new field carries one figure, aggregates them or requires a different treatment. This is an implementation approach; the announcement does not prescribe a universal next filing date or abolish capital requirements.
Effective dates for the four rulemaking instruments
| Instrument | Effective date | Implementation focus |
|---|---|---|
| Prudential—Investment, Insurance Intermediation and Banking amendment, instrument 443 | 2 October 2026 | Apply the amended prudential reporting structure.Source 3 |
| Conduct of Business amendment, instrument 444 | 1 January 2027 | Prepare for the amended conduct requirements.Source 3 |
| Islamic Finance Rules amendment, instrument 445 | 1 January 2027 | Use the amended Islamic-finance provisions from commencement.Source 3 |
| Glossary amendment, instrument 446 | 1 January 2027 | Align the relevant definitions with the January amendments.Source 3 |
Credit-rating agencies move toward a principles-based conflicts test
The DFSA describes an approach covering relationships that create actual or reasonably perceived conflicts. It also removes some prescriptive or duplicative disclosures while retaining the information needed to understand a rating. These changes belong to the January commencement group.[1]
The practical task is to explain how a relationship could affect the rating process, including how it might reasonably appear to an outside observer. A firm can streamline repeated disclosure while still making the basis and relevant limitations of a rating understandable.
Token proposals remain a separate policy step
Consultation Paper 174 was released on 9 July. The October feedback says its Crypto Token and Investment Token proposals will be addressed later. Firms planning services under those proposals therefore need to follow that separate decision process.[4][2]
The confirmed operating sequence is the new prudential return first, followed by the named January amendments. Implementation plans need to connect each instrument’s commencement with the firm’s reporting calendar and the activities affected.
Sources & further reading
- DFSA makes targeted amendments to credit-rating agency and prudential reporting requirements Dubai Financial Services Authority · 5 Oct 2026 · Accessed 20 Oct 2026
- DFSA issues feedback statement on Consultation Paper No. 174 Dubai Financial Services Authority · 5 Oct 2026 · Accessed 20 Oct 2026
- Notice of amendments to legislation: October 2026 Dubai Financial Services Authority · 1 Oct 2026 · Accessed 20 Oct 2026
- Consultation Paper 174 release Dubai Financial Services Authority · 9 Jul 2026 · Accessed 20 Oct 2026