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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
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  Versions
(1 version)
 
Dec 9 2012 onwards

PIB 6.2.1



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 must implement and maintain an Operational RiskG policy which enables it to identify, assess, control and monitor Operational RiskG .
(2) The policy must be documented and provide for a sound and well-defined risk management framework to address the Authorised Firm'sG Operational RiskG .
(3) An Authorised FirmG must:
(a) ensure that its risk management systems enable it to implement the Operational RiskG policy;
(b) identify, assess, mitigate, control and monitor the risk; and
(c) review and update the policy at intervals that are appropriate to the nature, scale and complexity of its activities.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]