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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

Whole SectionText only Print Print Manager Link

(1 version)
Dec 9 2012 onwards

PIB 5.10.2 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. An Authorised FirmG should take reasonable steps to:
a. allocate responsibility for the management of its UnderwritingG and sub-underwriting business;
b. allocate adequate resources of the Authorised FirmG to monitor and control its UnderwritingG and sub-underwriting business;
c. satisfy itself that its systems to monitor its ExposureG to a CounterpartyG will calculate, revise and update its UnderwritingG ExposureG to each CounterpartyG and its Capital RequirementsG ;
d. satisfy itself of the suitability of each person who performs functions for it in connection with the Authorised Firm'sG UnderwritingG business, having regard to the person's skill and experience; and
e. satisfy itself that its procedures and controls to monitor and manage its UnderwritingG business address the capacity of sub-underwriters to meet sub-underwriting commitments.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]