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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
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Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
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Financial Markets Tribunal
Archive

Whole SectionText only Print Print Manager Link


  Versions
(1 version)
 
Dec 9 2012 onwards

PIB 4.4.6



Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

For the purposes of the RulesG in this chapter, a PersonG is a "Related PersonG " of an Authorised FirmG if the PersonG :

(a) is, or was in the past 2 years:
(i) a member of a GroupG or PartnershipG in which the Authorised FirmG is or was also a member; or
(ii) a ControllerG of the Authorised FirmG or a Close RelativeG of such a ControllerG ;
(b) is, or was in the past 2 years, a DirectorG , PartnerG or senior manager of the Authorised FirmG or an entity referred to under (a)(i) or (ii), or a Close RelativeG of such a DirectorG , PartnerG or senior manager; or
(c) is an entity in which a DirectorG , PartnerG or senior manager of the Authorised FirmG or an entity referred to in (a)(i) or (a)(ii), or a Close RelativeG of such a DirectorG , PartnerG or senior manager has a significant interest by:
(i) holding 20% or more of the shares of that entity, or a ParentG of that entity, if that entity is a company; or
(ii) being entitled to exercise 20% or more of the voting rights in respect of that entity;
except that a PartnerG is not a Related PersonG where that PersonG is a limited partner of a Limited PartnershipG formed under the Limited PartnershipG Law of 2006 or any similar limited partnership constituted under the law of a country or territory outside the DIFCG .
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]