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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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  • PIB 6.2.1

    (1) An Authorised Firm must implement and maintain an Operational Risk policy which enables it to identify, assess, control and monitor Operational Risk.
    (2) The policy must be documented and provide for a sound and well-defined risk management framework to address the Authorised Firm's Operational Risk.
    (3) An Authorised Firm must:
    (a) ensure that its risk management systems enable it to implement the Operational Risk policy;
    (b) identify, assess, mitigate, control and monitor the risk; and
    (c) review and update the policy at intervals that are appropriate to the nature, scale and complexity of its activities.
    Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]