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Dubai Financial Services Authority (DFSA): Contents

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GEN 6.3.1

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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) If an Authorised PersonG is unable to comply with a particular RuleG due to an emergency which is outside its or its Employees'G control and could not have been avoided by taking all reasonable steps, the Authorised PersonG will not be in contravention of that RuleG to the extent that, in consequence of the emergency, compliance with that RuleG is impractical.
(2) This RuleG applies only for so long as the consequences of the emergency continue and the Authorised PersonG is able demonstrate that it is taking all practical steps to deal with those consequences, to comply with the RuleG , and to mitigate losses and potential losses to its customers or users.
(3) An Authorised PersonG must notify the DFSAG as soon as practical of the emergency and of the steps it is taking and proposes to take to deal with the consequences of the emergency.
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]