Entire Section

  • GEN 5.2.2 GEN 5.2.2

    An Authorised Person must allocate to the Senior Executive Officer or to the individual holding equivalent responsibility for the conduct for the Authorised Person's business or the Governing Body, the functions of:

    (a) dealing with the apportionment of responsibilities; and
    (b) overseeing the establishment and maintenance of systems and controls.

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

    • GEN 5.2.2 Guidance

      Rules 5.2.1 and 5.2.2 do not derogate from the overall responsibility of the Governing Body in Rule 5.3.30(2).

      [Added]DFSA RM43/2007 (Made 1st June 2007). [VER14/06-07]
      [Amended] DFSA RM95/2012 (Made 14th June 2012). [VER29/06-12]