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  Versions
(1 version)
 
Dec 23 2012 onwards

IFR 4.2.4



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 which Manages a Profit Sharing Investment AccountG ("PSIA") must ensure that its financial statements required under GEN chapter 8 contain the following disclosures:

(a) an analysis of income according to types of investments and their financing by customers;
(b) the basis for the allocation of profits between owners' equity and PSIA holders;
(c) the equity of PSIA holders at the end of the reporting period;
(d) the bases used to determine any Profit Equalisation ReserveG or Investment Risk ReserveG ;
(e) the changes which have occurred in such reserves during the reporting period;
(f) any deductions made by the Authorised FirmG from its share of income, and any expenses borne by the Authorised FirmG on behalf of PSIA holders, as a contribution to increase the income of PSIA holders, if such contribution was material; and
(g) the identity of any person to whom any remaining balances of any Profit Equalisation ReserveG or Investment Risk ReserveG is attributable in the event of liquidation.
[Added] DFSA RM106/2012 (Made 23rd December 2012). [VER6/12-12]