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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
Collective Investment Rules (CIR) [VER26/12-19 ]
Part 4 Core Rules Relating to Establishment and Management of Domestic Funds
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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(1 version)
Jul 11 2010 onwards

CIR 8.12.4

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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) When delegating, a Fund ManagerG or TrusteeG must:
(a) carry out due diligence on a proposed Service ProviderG to ensure eligibility prior to effecting a delegation of a Financial ServicesG activity; and
(b) comply with the requirements in GEN chapter 5 of GEN and CIR App1 and ensure that any delegation is made in a written Delegation AgreementG as prescribed in CIR App1.
(2) Delegation to a Service ProviderG does not relieve the Fund ManagerG or TrusteeG from accountability for the proper conduct of a delegated activity.
(3) The DFSAG may, as a condition on a Fund Manager'sG or Trustee'sG LicenceG , require the delegation of one or more specified Financial ServiceG activities to a Service ProviderG .
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]