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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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  • GEN 8.4.4

    (1) An Authorised PersonG must take reasonable steps to ensure that the AuditorG and the relevant audit staff of the AuditorG are independent of and not subject to any conflict of interest with respect to the Authorised PersonG .
    (2) An Authorised PersonG must notify the DFSAG if it becomes aware, or has reason to believe, that the AuditorG or the relevant audit staff of the auditor are no longer independent of the Authorised PersonG , or have a conflict of interest which may affect their judgement in respect of the Authorised PersonG .
    Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
    Amended DFSA RM131/2014 (Made 21st August 2014). [VER34/06-14]

    • GEN 8.4.4 Guidance

      1. An Authorised PersonG should consider whether there is any financial or personal relationship between it or any of its relevant EmployeesG and the AuditorG or any of the relevant EmployeesG of the AuditorG that may affect the judgement of the AuditorG when conducting an audit of the Authorised PersonG or complying with all its legal obligations, including the Regulatory LawG , AUDG , AMLG and other relevant modules of the DFSAG Rulebook.
      2. An Authorised PersonG should consider rotating the appointed relevant staff of the AuditorG on a regular basis to ensure that the relevant staff of the AuditorG remain independent.
      Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
      Amended in accordance with Notice of Amendments to Legislation April 2011 [VER27/02-11]
      Amended DFSA RM131/2014 (Made 21st August 2014). [VER34/06-14]