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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
General Module (GEN) [VER44/07-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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(2 versions)
Up to Apr 27 2011Apr 28 2011 onwards

GEN 5.3.22

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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 PersonG must inform the DFSAG about any material outsourcing arrangements.
(2) An Authorised PersonG which has a material outsourcing arrangement must:
(a) establish and maintain comprehensive outsourcing policies, contingency plans and outsourcing risk management programmes;
(b) enter into an appropriate and written outsourcing contract; and
(c) ensure that the outsourcing arrangements neither reduce its ability to fulfil its obligations to customers and the DFSAG , nor hinder supervision of the Authorised PersonG by the DFSAG .
(3) An Authorised PersonG must ensure that the terms of its outsourcing contract with each service provider under a material outsourcing arrangement require the service provider to:
(a) provide for the provision of information under section 11.1 in relation to the Authorised PersonG and access to their business premises; and
(b) deal in an open and co-operative way with the DFSAG .
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
Amended in accordance with Notice of Amendments to Legislation April 2011 [VER27/02-11]