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

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  Versions
(1 version)
 
Dec 9 2012 onwards

PIB 11.3.3



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 may omit certain disclosures if the omitted item is:
(a) not material, in accordance with the concept of materiality under the International Financial Reporting StandardsG ,
(b) proprietary in nature, and the disclosure of the relevant information to the public would undermine the Firm's competitive position or render the Firm's investments in products and systems less valuable, or
(c) confidential in nature, and the disclosure of the relevant information would violate or jeopardise confidentiality agreements with ClientsG or CounterpartiesG .
(2) Where in reliance upon (1)(b) or (c) an Authorised FirmG omits an item that is marked as a quantitative disclosure in PIB App11, it must disclose general qualitative information about the subject matter of that particular requirement, together with the reasons for the omission.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]