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Dubai Financial Services Authority (DFSA): Contents

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Feb 1 2016 onwards

CIR 13.8.2 Guidance



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. A Fund ManagerG must carry out the due diligence required under CIR Rule 13.8.2 as part of its internal procedures. However, this does not prevent it from using a service provider to carry out the necessary due diligence, provided the outsourcing requirements in these Rules are met.
2. A Fund ManagerG will not meet the due diligence requirements in the Rule if it relies solely on credit ratings issued by a credit rating agency. This is because assessment of credit quality is only part of the due diligence required under the Rule.
3. A Fund ManagerG should keep appropriate records of the due diligence it has conducted on an InvestmentG to demonstrate that it has complied with the Rule.
[Added] RM158/2015 (Made 9th December 2015). [VER19/02-16]