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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Glossary Module (GLO) [VER43/02-19]
GLO 2 Glossary
[ A ] [Accepting Deposits—Authorised Person]
Associate
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DFSA Codes of Practice
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Associate



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) In Chapters 7 and 11 of GEN and Chapter 8 of AMI means, in respect of a PersonG 'A' holding SharesG or entitled to exercise, or control the exercise of voting power, in an Authorised FirmG or a Holding CompanyG of an Authorised FirmG :
(a) the spouse of A;
(b) a child or stepchild of A;
(c) the trustee of any settlement, including any disposition or arrangement under which property is held on trust or subject to a comparable obligation, under which A has a life interest in possession;
(d) an UndertakingG of which A is a director;
(e) a PersonG who is an EmployeeG or partner of A;
(f) where A is an UndertakingG :
(i) a director of A;
(ii) a subsidiary or wholly owned subsidiary of A; or
(iii) a director or EmployeeG of such a subsidiary or wholly owned subsidiary; or
(g) a PersonG who has an agreement or arrangement with A with respect to the acquisition, holding or disposal of SharesG or other interests in the Authorised FirmG or the Holding CompanyG of an Authorised FirmG or under which they undertake to act together in exercising their voting power in relation to an Authorised FirmG or the Holding CompanyG of an Authorised FirmG or that other PersonG .
(2) Except in Chapters 7 and 11 of GEN and Chapter 8 of AMI means in respect of a PersonG 'A', any PersonG , including an affiliated company which is:
(a) an undertaking in the same GroupG as A; or
(b) any other person whose business or domestic relationship with A or his AssociateG might reasonably be expected to give rise to a community of interest between them which may involve a conflict of interest in dealings with third parties.

Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
Amended in accordance with Notice of Amendments to Legislation April 2011 [VER24/02-11]
[Amended] DFSA RM110/2012 (Made 23rd December 2012). [VER29/12-12]
[Amended] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]