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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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Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
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Financial Markets Tribunal
Archive

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  Versions
(1 version)
 
Dec 9 2012 onwards

PIB 8.5.2



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 in CategoryG 3A, 3B, 3C or 4 must not, subject to (2), be a ParentG of an entity that:
(a) is an Authorised FirmG in CategoryG 1 or 5 or an InsurerG ; or
(b) carries on activities that would, if conducted in the DIFCG , constitute Accepting DepositsG , Managing a PSIAG which is a PSIAuG , or Effecting or Carrying out Contracts of InsuranceG .
(2) An Authorised FirmG in CategoryG 3A, 3B, 3C or 4 may own or control an entity referred to in (1) where it is itself a SubsidiaryG of:
(a) a Regulated Financial InstitutionG licensed to carry on any one or more of the activities specified in (1)(b); or
(b) an Authorised FirmG in CategoryG 1 or 5 or an InsurerG .
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]