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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

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(1 version)
Dec 9 2012 onwards

PIB 8.3.1

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) The other RulesG in PIB section 8.3 do not apply to an Authorised FirmG if:
(a) the Authorised Firm'sG Financial GroupG is already the subject of Financial GroupG prudential supervision by the DFSAG as a result of the authorisation of another Financial GroupG member;
(b) the DFSAG has confirmed in writing, in response to an application from the Authorised FirmG , that it is satisfied that the Authorised Firm'sG GroupG is the subject of consolidated prudential supervision by an appropriate regulator; or
(c) except where the DFSAG has directed the inclusion of an entity pursuant to PIB Rule 8.1.2, the percentage of total assets of Authorised FirmsG and Financial InstitutionsG in the Financial GroupG is less than 40% of the total Financial GroupG assets.
(2) If an Authorised FirmG receives confirmation in writing from the DFSAG in accordance with (1)(b), it must immediately advise the DFSAG in writing if the circumstances upon which the confirmation was based change.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]