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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
General Module (GEN) [VER44/07-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • General requirement

    • GEN 5.3.1

      (1) An Authorised PersonG must establish and maintain systems and controls, including but not limited to financial and risk systems and controls, that ensure that its affairs are managed effectively and responsibly by its senior management.
      (2) An Authorised PersonG must undertake regular reviews of its systems and controls.
      Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM43/2007 (Made 1st June 2007). [VER14/06-07]

      • GEN 5.3.1 Guidance

        The nature and extent of the systems and controls of an Authorised PersonG will depend upon a variety of factors including the nature, scale and complexity of its business. While all Authorised PersonsG , irrespective of the nature, scale, and complexity of their business and legal structure or organisation need to comply with this chapter, the DFSAG will take into account these factors and the differences that exist between Authorised PersonsG when assessing the adequacy of an Authorised Person'sG systems and controls. Nevertheless, neither these factors nor the differences relieve an Authorised PersonG from compliance with its regulatory obligations.


        Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
        [Amended] DFSA RM95/2012 (Made 14th June 2012). [VER29/06-12]