Entire Section

  • GEN 2.4 GEN 2.4 Accepting deposits

    • GEN 2.4.1

      In GEN Rule 2.2.2 Accepting Deposits means Accepting Deposits where:

      (a) money received by way of Deposit is lent to others; or
      (b) any other activity of the Person accepting the Deposit is financed, wholly or to a material extent, out of the capital of or returns on any money received by way of Deposit.

      Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]