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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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(1 version)
 
Aug 1 2016 onwards

COB 7.5.2

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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) An Insurance IntermediaryG or Insurance ManagerG must, subject to (3), disclose to a ClientG if:
(a) it has a direct or indirect holding representing 10% or more of the voting rights or capital in an insurer; or
(b) an insurer, or its parent undertaking, has a direct or indirect holding representing 10% or more of the voting rights or capital in the Insurance IntermediaryG or Insurance ManagerG .
(2) The disclosures in (1) must be made before providing Insurance IntermediationG or Insurance ManagementG services to the ClientG .
(3) An Insurance ManagerG is not required to make a disclosure under (1) to an insurer to whom it provides Insurance ManagementG services.
Derived from DFSA RM182/2016 (Made 19th June 2016) [VER27/08-16]