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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]
PIB App5 Market Risk
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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  • PIB A5.8.3

    (1) For the purpose of PIB Rule A5.8.1, an Authorised FirmG underwrites or sub-underwrites an issue of SecuritiesG where:
    (a) it gives a commitment to an IssuerG of SecuritiesG to underwrite an issue of SecuritiesG ;
    (b) in the case of new SecuritiesG (as defined in PIB Rule A5.8.4) it gives a commitment to a seller of SecuritiesG to underwrite a sale of those SecuritiesG ;
    (c) it gives a commitment to a person, other than the IssuerG of SecuritiesG or, if (b) applies, the seller of the SecuritiesG , to sub-underwrite an issue of SecuritiesG ; or
    (d) it is a member of a syndicate or GroupG that gives a commitment of the type described in (a) to (c).
    (2) Unless a RuleG deals with an issue of SecuritiesG separately or the context otherwise requires, a provision of PIB section A5.8 that deals with UnderwritingG also applies to sub-underwriting.
    Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]

    • PIB A5.8.3 Guidance

      Block trades, including bought deals, and private placements are not within the scope of this chapter because they involve an outright purchase by an Authorised FirmG of the relevant SecuritiesG .

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