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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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(1 version)
Jan 1 2015 onwards

PIB A9.1.2

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.

(1) An Authorised FirmG that has been granted a global liquidity concession must provide the DFSAG with ongoing assurance about its Liquidity RiskG by:
(a) submitting to the DFSAG at least quarterly a copy of the LCR calculation for the Authorised FirmG , as submitted by its head office to its home supervisor;
(b) notifying the DFSAG immediately of the results of every assessment which its home supervisor conducts which relates to the quality of liquidity systems and controls at its head office;
(c) notifying the DFSAG in writing immediately of any adverse finding or action taken by its home supervisor;
(d) notifying the DFSAG in writing immediately of any potential change in the branch funding strategy, business model or material potential change in its balance sheet structure; and
(e) notifying the DFSAG in writing immediately of any changes relating to its compliance with the conditions referred to in PIB Rule A9.1.1.
(2) The DFSAG may at any time, based on its assessment of the Liquidity RiskG exposures of an Authorised FirmG , by written notice adjust or exclude any of the requirements in (1), impose additional requirements or cancel the global liquidity concession granted to the Authorised FirmG .
[Added] DFSA RM148/2014 (Made 1st January 2015). [VER23/01-15]