Article 7. Financial Services and Other Permitted Activities

1. Subject to this Constitutional Law, TIFC Acts, and the terms of any licence, registration, or exemption granted by the TFSA, TIFC Participants may carry on one or more of the following Regulated Financial Services within or from the TIFC:

1) banking and financing activities, including funding services and activities, provision of short, medium and long term secured and unsecured financing and credit-related services, including arranging, providing, intermediating or advising on agreements relating to credit products, credit lines and financing mechanisms;

2) investment business, including carrying on investment business as principal or agent, commercial, investment and private banking, finance and investment companies, wholesale trading and electronic banking activities, and managing, dealing and arranging investments;

3) accepting deposits, opening and maintaining bank accounts of all types for third parties subject to this Constitutional Law and TIFC Acts;

4) trading in and dealing with financial instruments, currencies, commodities, metals and derivatives, including margin trading, spot and forward contracts, futures, options, and short selling, to the extent permitted by the TFSA;

5) financial and monetary brokerage, including prime brokerage;

6) market-making through providing sale and purchase offers of all types of currencies, commodities, metals, financial instruments, bonds, sukuk and derivatives;

7) providing money transfer, payment services and foreign exchange services;

8) Islamic finance, Islamic banking, and related activities;

9) establishment, creation, operation, management, and marketing of investment funds, portfolios, collective investment schemes, pension funds, hedge funds, trusts and fiduciary structures, and related asset management services, including acting as trustee or fiduciary manager of such assets;

10) project financing and the provision of capital for companies and other undertakings;

11) the issuance, offering, listing, promotion, purchase, sale, and trading of shares, bonds, sukuk, other financial instruments, financial products of all types, currencies, commodities, metals of all kinds and derivatives, including related futures contracts and options, and borrowing against or offering any of them as security to provide liquidity and to enable other activities and services relating to the money market;