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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
PIB App5 Market Risk
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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(1 version)
Dec 9 2012 onwards

PIB A5.8.3

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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.

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(1) For the purpose of PIB Rule A5.8.1, an Authorised FirmG underwrites or sub-underwrites an issue of SecuritiesG where:
(a) it gives a commitment to an IssuerG of SecuritiesG to underwrite an issue of SecuritiesG ;
(b) in the case of new SecuritiesG (as defined in PIB Rule A5.8.4) it gives a commitment to a seller of SecuritiesG to underwrite a sale of those SecuritiesG ;
(c) it gives a commitment to a person, other than the IssuerG of SecuritiesG or, if (b) applies, the seller of the SecuritiesG , to sub-underwrite an issue of SecuritiesG ; or
(d) it is a member of a syndicate or GroupG that gives a commitment of the type described in (a) to (c).
(2) Unless a RuleG deals with an issue of SecuritiesG separately or the context otherwise requires, a provision of PIB section A5.8 that deals with UnderwritingG also applies to sub-underwriting.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]