Home   Browse contents   View updates   Search  
     Quick search
Go
   

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Glossary Module (GLO) [VER43/02-19]
GLO 2 Glossary
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

BackText onlyPrint

You need the Flash plugin.

Download Macromedia Flash Player



  • [ N ] [Net Outstanding Claims—Notice of Objection]

    • Net Outstanding Claims

      In respect of an InsurerG as at a date, Gross Outstanding ClaimsG of the InsurerG as at that date, less the amount of reinsurance and other recoveries expected to be received in respect of those claims.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Net Written Premium

      In respect of an InsurerG during a period, Gross Written PremiumG of the InsurerG during that period less the amount of premium on reinsurance contracts entered into by the InsurerG as cedant during the same period.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Netting [Deleted]

      [Deleted] DFSA RM114/2012 (Made 15th October 2012). [VER28/12-12]

    • Netting by Novation

      The process of automatically amalgamating some or all claims and obligations between two CounterpartiesG to create a single new claim or obligation replacing the relevant former claims or obligations.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Nominee Company

      A company incorporated in the DIFCG whose business consists solely of acting as a holder of Client AssetsG where such assets are held by the Nominee CompanyG as agent of an Authorised FirmG .


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Non-Cellular Assets

      Assets of a Protected Cell CompanyG which are not Cellular AssetsG .


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Non-Cellular Liabilities

      Liabilities that may not be settled by disposition of cellular assets.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Non-DIFC insurer

      A PersonG , other than an InsurerG , who is authorised and supervised as an insurer by a Financial Services RegulatorG .

      Derived from DFSA RM180/2016 (Made 19th June 2016) [VER36/08-16]

    • Non-Performing

      (1) In the case of loans and other financial instruments to which an Authorised FirmG is exposed, having either of the following qualities:
      (a) Contractual payments of interest or principal are 90 days or more past the date on which they were due and payable, and the current value of any security held in respect of the loan or other financial instrument is insufficient, after making allowance for expenses of realisation, to meet the total amount of principal and accrued interest; or
      (b) having an enhanced risk of default, assessed on the basis of reasonable criteria.
      (2) In regard to (1)(a), if a loan or other financial instrument has a regular payment schedule, the loan or other instrument is 90 days past due when 90 calendar days have elapsed since the due date of a contractual payment that has not been met in full; and the total amount that is due but has not yet been paid is equivalent to at least 90 days' worth of contractual payments.

      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Non-Trading Book

      Describes positions, exposures and on- and off-balance sheet items, which are not in the Trading BookG .


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]

    • Notice of Administrative Censure [Deleted]

      [Deleted] DFSA RM110/2012 (Made 23rd December 2012). [VER29/12-12]

    • Notice of Administrative Fine [Deleted]

      [Deleted] DFSA RM110/2012 (Made 23rd December 2012). [VER29/12-12]

    • Notice of Objection

      A notice filed by a PersonG who has received a Notice of Administrative CensureG or a Notice of Administrative FineG who objects to the imposition of the censure or fine as the case may be.


      Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]