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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 9.2.3

    (1) An Authorised FirmG may delegate the day-to-day management of its Liquidity RiskG to another entity in the same GroupG for management on a GroupG basis only if:
    (a) the Governing BodyG of the Authorised FirmG :
    (i) has formally approved the delegation;
    (ii) keeps the delegation under review; and
    (b) the Authorised FirmG notifies the DFSAG in writing of the delegation immediately upon its being made.
    (2) If an Authorised FirmG delegates the management of its Liquidity RiskG in accordance with (1), the requirements in this chapter continue to apply to the Authorised FirmG .
    (3) An Authorised FirmG must revoke a delegation referred to in (1) and bring day-to-day Liquidity RiskG management back within the Authorised FirmG if the DFSAG requests it in writing to do so.
    Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
    [Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]

    • PIB 9.2.3 Guidance

      If Liquidity RiskG management is delegated as set out in PIB Rule 9.2.3, responsibility for its effectiveness remains with the Authorised Firm'sG Governing BodyG .

      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]