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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]
PIB App5 Market Risk
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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  • PIB A5.8.3

    (1) For the purpose of PIB Rule A5.8.1, an Authorised Firm underwrites or sub-underwrites an issue of Securities where:
    (a) it gives a commitment to an Issuer of Securities to underwrite an issue of Securities;
    (b) in the case of new Securities (as defined in PIB Rule A5.8.4) it gives a commitment to a seller of Securities to underwrite a sale of those Securities;
    (c) it gives a commitment to a person, other than the Issuer of Securities or, if (b) applies, the seller of the Securities, to sub-underwrite an issue of Securities; or
    (d) it is a member of a syndicate or Group that gives a commitment of the type described in (a) to (c).
    (2) Unless a Rule deals with an issue of Securities separately or the context otherwise requires, a provision of PIB section A5.8 that deals with Underwriting also applies to sub-underwriting.
    Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]