Home   Browse contents   View updates   Search  
     Quick search
Go
   

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]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

Whole SectionText only Print Print Manager Link


  Versions
(2 versions)
 
Dec 9 2012 - Dec 31 2017Jan 1 2018 onwards

PIB 9.2.3

View whole sectionWhole 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 may delegate the day-to-day management of its Liquidity RiskG to another entity in the same GroupG for management on a GroupG basis only if:
(a) the Governing BodyG of the Authorised FirmG :
(i) has formally approved the delegation;
(ii) keeps the delegation under review; and
(b) the Authorised FirmG notifies the DFSAG in writing of the delegation immediately upon its being made.
(2) If an Authorised FirmG delegates the management of its Liquidity RiskG in accordance with (1), the requirements in this chapter continue to apply to the Authorised FirmG .
(3) An Authorised FirmG must revoke a delegation referred to in (1) and bring day-to-day Liquidity RiskG management back within the Authorised FirmG if the DFSAG requests it in writing to do so.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
[Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]