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  • RPP 3-3 Supervision of Representative Offices

    • RPP 3-3-1

      The DFSAG expects to undertake periodic visits to Representative OfficesG as part of its risk based approach to supervising firms. The DFSAG may also include Representative OfficesG in thematic visits.

      Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]

    • RPP 3-3-2

      Onsite visits to Representative OfficesG are likely to focus on issues including:

      (a) confirming that activities undertaken by the Representative OfficeG are allowed under its licence;
      (b) reviewing the adequacy of its systems and controls to comply with its AMLG responsibilities;
      (c) reviewing the material distributed by the Representative OfficeG to ensure it is clear, fair and not misleading;
      (d) any solvency concerns with the head office or GroupG ; and
      (e) the firm's disclosure of its regulated status.
      Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]
      Amended by Notice of Updates (Made 11th February 2015). February 2015 Edition

    • RPP 3-3-3

      The onsite visit is likely to include interviews with the Principal RepresentativeG and a review of relevant records.

      Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]