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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
General Module (GEN) [VER46/01-20]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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GEN 5.3.2

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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.

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

(1) An Authorised PersonG must establish and implement, taking due account of the nature, scale and complexity of its business and structure, adequate measures to ensure that:
(a) the roles and responsibilities assigned to its Governing BodyG and the members of that body, senior management and Persons Undertaking Key Control FunctionsG are clearly defined;
(b) there are clear reporting lines applicable to the individuals undertaking those functions; and
(c) the roles, responsibilities and reporting lines referred to in (a) and (b), are documented and communicated to all relevant EmployeesG .
(2) An Authorised FirmG must ensure that any EmployeeG who will be delivering Financial ServicesG to its customers is clearly identified, together with his respective lines of accountability and supervision.
(3) An Authorised FirmG which is conducting Investment BusinessG or the Financial ServicesG of Providing Fund AdministrationG or Providing Trust ServicesG , must ensure it makes publically available details of any EmployeeG who delivers Financial ServicesG to its customers, by including such information:
(a) in a register, maintained by the Authorised FirmG at its place of business and open for inspection during business hours; or
(b) on the website of the Authorised FirmG .
(4) An Authorised FirmG referred to in (3), must have complete and up to date information on its register or website, including:
(a) the date on which the relevant EmployeeG commenced delivering of Financial ServicesG to customers; and
(b) the Financial ServicesG which that EmployeeG is permitted by the Authorised FirmG to deliver to customers.
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] DFSA RM95/2012 (Made 14th June 2012). [VER29/06-12]
[Amended] DFSA RM96/2012 (Made 24th July 2012) [VER30/07-12]