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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
General Module (GEN) [VER44/07-19]
GEN 11 Supervision
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
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Notices
Financial Markets Tribunal
Archive

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  Versions
(1 version)
 
Jul 5 2012 onwards

GEN 11.10.20 Guidance



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. The purpose of these notifications is to ensure that the DFSAG is informed of any significant changes to the Authorised Firm'sG corporate governance framework and remuneration structure and strategies.
2. Significant changes that the DFSAG expects Authorised FirmsG to notify the DFSAG pursuant to Rule 11.10.20 generally include:
a. any major changes to the composition of the Governing BodyG ;
b. any changes relating to Persons Undertaking Key Control FunctionsG , such as their removal or new appointments or changes in their reporting lines; and
c. significant changes to the remuneration structure that apply to the members of the Governing BodyG , senior management, Persons Undertaking Key Control FunctionsG and major risk taking Employees.
3. The DFSAG expects BranchesG to provide to the DFSAG notification of significant changes that are relevant to the BranchG operations.
[Added] DFSA RM95/2012 (Made 14th June 2012). [VER29/06-12]