Home   Browse contents   View updates   Search  
     Quick search
Go
   

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
PIB App4 Credit Risk
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



  • PIB A4.11.8

    Where an Authorised FirmG has an ExposureG to a transaction, scheme, FundG , or other ExposureG to a pool of underlying ExposuresG , the Authorised FirmG must assess the ExposureG to determine whether the ExposureG is a group of Closely RelatedG CounterpartiesG in its economic substance.

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

    • PIB A4.11.8 Guidance:

      1. When considering this RuleG the Authorised FirmG should consider the following factors:
      a. the structure, independence and control of the transaction, including governance arrangements;
      b. the inter relatedness of the underlying ExposuresG ;
      c. beneficial owners of the underlying ExposuresG and whether they could be deemed ConnectedG or Closely RelatedG ; and
      d. whether the transactions are conducted on an arm's length basis.
      2. An Authorised FirmG should look through the structure to determine whether there are any CounterpartiesG or ExposuresG that should be considered a Concentration RiskG .
      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]