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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER34/12-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

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  • Notification if LCR Requirement Not Met

    • PIB 9.3.9

      An Authorised FirmG must notify the DFSAG in writing immediately if it does not meet, or becomes aware of circumstances that may result in it not meeting, its LCR Requirement (including during a period of stress referred to in PIB Rule 9.3.8).

      [Added] DFSA RM148/2014 (Made 1st January 2015). [VER23/01-15]

      • PIB 9.3.9 Guidance

        1. An Authorised FirmG should in its notification clearly explain:
        a. the reasons for not meeting the limits;
        b. measures that have been taken and will be taken to ensure it meets its LCR Requirement; and
        c. its expectations regarding the potential duration of the situation.
        2. An Authorised FirmG that makes a notification should discuss with the DFSAG what, if any, further steps it should take to deal with the situation.
        [Added] DFSA RM148/2014 (Made 1st January 2015). [VER23/01-15]