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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]
PIB App5 Market Risk
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
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  Versions
(1 version)
 
Dec 9 2012 onwards

PIB A5.8.6



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 must calculate a net UnderwritingG position from the date of initial commitment until the UnderwritingG process ends, as the initial gross commitment adjusted for:

(a) UnderwritingG or sub-underwriting commitments obtained from others since the time of initial commitment;
(b) purchases or sales of the SecuritiesG since the time of initial commitment;
(c) any allocation of SecuritiesG granted or received, arising from the commitment to underwrite the SecuritiesG , since the time of initial commitment; and
(d) in the case of sales in the grey market, as defined in PIB Rule A5.8.5, any sales of the SecuritiesG as at the time of initial commitment or since the time of initial commitment is subject, in both cases, to the following conditions:
(i) any sales of the SecuritiesG as at the time of initial commitment must be confirmed in writing at the time of initial commitment;
(ii) sales must be net of any purchases in the grey market; and
(iii) any allocation of SecuritiesG granted or received, arising from the commitment to underwrite the SecuritiesG , since the time of initial commitment.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]