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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]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
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Financial Markets Tribunal
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Jan 1 2015 onwards

PIB A9.1.1

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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) This Rule applies to an Authorised FirmG carrying on business in or from the DIFCG through a BranchG that applies for a global liquidity concession under PIB Rule 9.3.2.
(2) The Authorised FirmG must demonstrate to the DFSAG that:
(a) its BranchG complies with all applicable liquidity systems and controls requirements in sections PIB 9.2 and PIB 9.2A;
(b) its head office is established in a jurisdiction where there are no legal constraints imposed by the home supervisor or any other authority on the provision of liquidity to its branch; and
(c) its head office is subject to equivalent or more restrictive liquidity requirements, than those imposed by the DFSAG .
(3) The DFSAG may, when considering an application from the Authorised FirmG for a global liquidity concession, impose additional or alternative conditions to those specified in (2) or disapply a condition in (2).
[Added] DFSA RM148/2014 (Made 1st January 2015). [VER23/01-15]