Home   Browse contents   View updates   Search  
     Quick search
Go
   

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

BackText onlyPrint

You need the Flash plugin.

Download Macromedia Flash Player



  • MKT 8 Systems and Controls

    • MKT 8.1 Application

      • MKT 8.1.1

        This chapter applies to:

        (a) every Reporting EntityG ;
        (b) the BoardG or the Governing BodyG of a Reporting EntityG .
        Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]
        [Amended] DFSA RM120/2013 (Made 14th July 2013). [VER4/07-13]

      • Adequacy of Systems and Controls

        • MKT 8.1.2

          (1) A Reporting EntityG must have appropriate systems and controls to be able to demonstrate compliance with the requirements applicable to it including those set out in the Law and the RulesG .
          (2) The BoardG of the Reporting EntityG , and in the case of a Reporting EntityG of a Listed FundG , its Governing BodyG , must ensure that that there are adequate systems and controls established and maintained on an on-going basis to meet the requirement in (1).
          (3) Without limiting the generality of the requirement in (1), the systems and controls of a Reporting EntityG must include:
          (a) mechanisms to monitor compliance with the requirements relating to Corporate GovernanceG , Connected PersonsG , Restricted PersonsG , Related PartyG TransactionsG , and control of Inside InformationG ; and
          (b) where any records are required to be maintained, maintenance of such records at least for a period of 6 years, unless a shorter period is prescribed.
          (4) The DFSAG may, where it considers appropriate to do so, require a Reporting EntityG to produce third party confirmation on the adequacy of systems and controls established and maintained by a Reporting EntityG .
          Derived from RM81/2011 (Made 30th November 2011). [VER1/11-11]
          [Amended] DFSA RM120/2013 (Made 14th July 2013). [VER4/07-13]
          [Amended] DFSA RM230/2018 (Made 6th June 2018). [VER12/08-18]