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Jul 14 2013 onwards

AMI A1.2.1

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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.

An Authorised Market InstitutionG must, before commencing live operation of its information technology systems or any updates thereto, use development and testing methodologies in line with internationally accepted testing standards in order to test the viability and effectiveness of such systems. For this purpose, the testing must be adequate for the Authorised Market InstitutionG to obtain reasonable assurances that the systems, among other things:

(a) enable it to comply with all the applicable requirements, including legislation, on an on-going basis;
(b) can continue to operate effectively in stressed market conditions; and
(c) any risk management controls embedded within the systems, such as generating automatic error reports, work as intended.
Derived from RM118/2013 [VER15/07-13]