Entire Section

  • Compliance

    • GEN 5.3.7

      An Authorised Person must establish and maintain compliance arrangements, including processes and procedures that ensure and evidence, as far as reasonably practicable, that the Authorised Person complies with all legislation applicable in the DIFC.


      Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM119/2013 (Made 14th July 2013). [VER33/07-13]
      [Amended] DFSA RM211/2018 (Made 22nd February 2018). [VER41/04-18]

    • GEN 5.3.8

      An Authorised Person must document the organisation, responsibilities and procedures of the compliance function.


      Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM119/2013 (Made 14th July 2013). [VER33/07-13]

    • GEN 5.3.9

      An Authorised Person must ensure that the Compliance Officer has access to sufficient resources, including an adequate number of competent staff, to perform his duties objectively and independently of operational and business functions.


      Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM119/2013 (Made 14th July 2013). [VER33/07-13]

    • GEN 5.3.10

      An Authorised Person must ensure that the Compliance Officer has unrestricted access to relevant records and to the Authorised Person's Governing Body and senior management.


      Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM119/2013 (Made 14th July 2013). [VER33/07-13]

    • GEN 5.3.11

      An Authorised Person must establish and maintain monitoring and reporting processes and procedures to ensure that any compliance breaches are readily identified, reported and promptly acted upon.


      Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM119/2013 (Made 14th July 2013). [VER33/07-13]

    • GEN 5.3.12 GEN 5.3.12

      An Authorised Person must document the monitoring and reporting processes and procedures as well as keep records of breaches of any of legislation applicable in the DIFC.

      Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] DFSA RM119/2013 (Made 14th July 2013). [VER33/07-13]

      • [Deleted]

        [Deleted] DFSA RM119/2013 (Made 14th July 2013). [VER33/07-13]