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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Conduct of Business Module (COB) [VER33/07-19]
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Aug 16 2012 onwards

COB 8.3.2 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. A Credit Rating AgencyG will need to establish proper procedures for the regular review of its methodologies and models, including any key rating assumptions used in such methodologies and models, in order to be able to properly assess the Relevant InformationG and prepare credible and high quality Credit RatingsG . Any changes to the methodologies and models should incorporate cumulative experience gained through on-going market surveillance.
2. Where any material modifications are made to the methodologies or models used by the Credit Rating AgencyG , it should make prior disclosure to the public of such modifications before applying the modified methodologies and models, especially to existing Credit RatingsG .
3. A Credit Rating AgencyG should assess whether existing methodologies and models for providing a Credit RatingG in respect of structured financial products remain appropriate where the risk characteristics of the assets underlying a structured product change materially.
[Added] DFSA RM97/2012 (Made 24th July 2012) [VER20/07-12]