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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Prudential — Insurance Business Module (PIN) [VER15/01-18]
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  • PIN 9.6 Limitations on distributions by DIFC incorporated insurers in run-off

    • PIN 9.6.1

      No DIFC Incorporated InsurerG that is in run-off may make any distribution of profits or surplus however called or described, or return of capital, or any payment of management fees (other than fees payable under a contract notified to the DFSAG in accordance with PIN Rule 9.5.2), without the written consent of the DFSAG . Any such distribution or return of capital or payment of management fees must be made within the period, if any, specified in the written notice of consent given by the DFSAG .

      Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]