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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Archive
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
Notices

Whole SectionText only Print Print Manager Link


  Versions
(1 version)
 
Jul 11 2010 onwards

CIR 8.12.5



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.

(1) When a Fund ManagerG or TrusteeG outsources any function to a Service ProviderG , it must:
(a) comply with any relevant requirements in GEN chapter 5 of GEN;
(b) enter into an Outsourcing AgreementG which complies with the requirements in CIR App1; and
(c) before entering into such agreement, carry out due diligence on the proposed Service ProviderG to conclude on reasonable grounds that the PersonG is suitable to perform the relevant functions.
(2) Outsourcing to a Service ProviderG does not relieve the Fund ManagerG or TrusteeG from accountability for the proper conduct of the outsourced activity.
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]