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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Prudential — Insurance Business Module (PIN) [VER15/01-18]
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Consultation Papers
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DFSA Codes of Practice
Amendments to Legislation
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Financial Markets Tribunal

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(1 version)
Jul 5 2007 onwards

PIN 8.3.1

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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) PIN Section 8.3 does not apply to an InsurerG if:
(a) the Insurer'sG Financial GroupG is already the subject of Financial GroupG prudential supervision by the DFSAG as a result of the authorisation of another Financial GroupG member; or
(b) the DFSAG has confirmed in writing, in response to an application from the InsurerG , that it is satisfied that the Insurer'sG GroupG is the subject of consolidated prudential supervision by an appropriate regulator; or
(c) except where the DFSAG has directed the inclusion of an entity pursuant to PIN Rule 8.1.2(1), the percentage of total assets of Authorised FirmsG and Financial InstitutionsG in the Financial GroupG is less than 40% of the total Financial GroupG assets.
(2) Where an Insurer has received confirmation in writing from the DFSAG in accordance with (1)(b), it must immediately advise the DFSAG in writing if the circumstances upon which the confirmation was based change.
[Added] RM46/2007 (Made 5th July 2007). [VER6/07-07]