Entire Section

  • Introduction

    • RPP 3-2-1

      Section 3.2 provides additional information in relation to DFSA's approach to the supervision of an Authorised Firm. Where relevant, some of these requirements may apply to a Representative Office.

      Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]

    • RPP 3-2-2

      In supervising an Authorised Firm, the DFSA expects an Authorised Firm to comply with a number of high level principles in relation to its activities.

      Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]

    • RPP 3-2-3

      An Authorised Firm, other than a Representative Office, must comply with the twelve principles set out in section 4.2 of the GEN module. In brief, these are:

      (a) Principle 1 — Integrity;
      (b) Principle 2 — Due skill, care and diligence;
      (c) Principle 3 — Management, systems and controls;
      (d) Principle 4 — Resources;
      (e) Principle 5 — Market Conduct;
      (f) Principle 6 — Information and Interests;
      (g) Principle 7 — Conflicts of Interest;
      (h) Principle 8 — Suitability;
      (i) Principle 9 — Customer assets and money;
      (j) Principle 10 — Relations with regulators;
      (k) Principle 11 — Compliance with high standards of corporate governance; and
      (l) Principle 12 — Remuneration practices.
      Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]
      Amended by Notice of Updates (Made 5th July 2012). July 2012 Edition

    • RPP 3-2-4

      A Representative Office must comply with the four principles set out in section 3.2 of the REP module. In brief, these are:

      (a) Principle 1 — Integrity;
      (b) Principle 2 — Due skill, care and diligence;
      (c) Principle 3 — Resources; and
      (d) Principle 4 — Relations with regulators
      Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]