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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 A2.3 Risk Management Systems and Controls for Trading Book

    • PIB A2.3.1

      An Authorised FirmG must establish and maintain effective systems and controls to manage its Trading BookG .

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

    • PIB A2.3.2

      An Authorised FirmG must establish and maintain systems and controls sufficient to provide prudent and reliable valuation estimates. These systems and controls must include:

      (a) documented policies and procedures for the process of valuation (including clearly defined responsibilities of the various areas involved in the determination of the valuation, sources of market information and review of their appropriateness, frequency of independent valuation, timing of closing prices, procedures for adjusting valuations, month end and ad-hoc verification procedures); and
      (b) reporting lines for the department accountable for the valuation process that are clear and independent of the front office.
      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]