Entire Section

  • Accuracy of information

    • GEN 11.10.17

      An Authorised Person must take reasonable steps to ensure that all information that it provides to the DFSA in accordance with any legislation applicable in the DIFC is:

      (a) factually accurate or, in the case of estimates and judgements, fairly and properly based; and
      (b) complete, in that it should include anything of which the DFSA would reasonably expect to be notified.

    • GEN 11.10.18

      (1) An Authorised Person must notify the DFSA immediately it becomes aware, or has information that reasonably suggests, that it:
      (a) has or may have provided the DFSA with information which was or may have been false, misleading, incomplete or inaccurate; or
      (b) has or may have changed in a material particular.
      (2) Subject to (3), the notification in (1) must include details of the information which is or may be false or misleading, incomplete or inaccurate, or has or may have changed and an explanation why such information was or may have been provided and the correct information.
      (3) If the correct information in (2) cannot be submitted with the notification it must be submitted as soon as reasonably possible.

    • GEN 11.10.19

      In the case of an Insurer which is a Protected Cell Company or an Incorporated Cell Company, an Insurer must advise the DFSA immediately if it becomes aware of any actual or prospective significant change in the type or scale of the business conducted through a Cell, or in the ownership of the Cell shares of the Protected Cell Company or of an Incorporated Cell of the ICC.

      Derived from Notice of Amendments to Legislation April 2011 [VER27/02-11]
      [Amended] DFSA RMI247/2019 (Made 18th December 2019). [VER45/12-19]