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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Prudential — Insurance Business Module (PIN) [VER15/01-18]
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  • PIN 9.4.6

    The assets referred to in PIN Rule 9.4.2 must be made available in one of the following two manners or in a combination of those two manners:

    (a) assets of a type described in PIN Rule 4.7.3 may be deposited with a custodian nominated or approved in writing by the DFSA; or
    (b) a financial institution nominated or approved in writing by the DFSA may issue a confirmed letter of credit in favour of the DFSA, for the amount of the assets required to be made available.

    Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]