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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
Media Releases
Notices
Financial Markets Tribunal
Archive

Whole SectionText only Print Print Manager Link


  Versions
(1 version)
 
Dec 9 2012 onwards

PIB A5.7.6



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.

An Authorised FirmG may use the standard FundG look-through method, only if the positions are in FundsG which meet the following eligibility criteria:

(a) the Fund'sG prospectus or equivalent document must include:
(i) the categories of assets the FundG is authorised to invest in;
(ii) if investment limits apply, the relative limits and the methodologies to calculate them;
(iii) if leverage is allowed, the maximum level of leverage; and
(iv) if investment in OTC financial derivatives or repo-style transactions are allowed, a policy to limit Counterparty RiskG arising from these transactions;
(b) the FundG must publish half-yearly accounts and annual reports to enable an assessment to be made of the assets and liabilities, income and operations over the reporting period;
(c) the UnitsG of the FundG are redeemable in cash, out of the Fund'sG assets, on a daily basis at the request of the UnitholderG ;
(d) investments in the FundG must be segregated from the assets of the Fund ManagerG ; and
(e) there must be adequate risk assessment, by the investing firm, of the FundG .
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]