Subsidiary of a Non-DIFC Firm
DFSAwill routinely be the lead regulator for the purpose of prudential supervision of an Authorised Firmwhich is a DIFCincorporated Subsidiaryof a non-DIFC firm.Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]
Authorised Firmis a Subsidiaryof a regulated non-DIFC parent company, the DFSAmay have regard to any consolidated prudential supervision arrangements to which the Subsidiaryis subject and will liaise with other regulators as necessary to ensure that these are adequately carried out, taking into account the Subsidiary'sactivities. The DFSAmay place appropriate reliance on the Subsidiary'sconsolidated regulator in another jurisdiction if it is satisfied that it meets appropriate regulatory criteria and standards.Derived from DFSA GM8/2011 (Made 28th April 2011). [VER 1/02-11]
Authorised Firmcarrying on Financial Servicesas a Subsidiaryof an unregulated non-DIFC parent company may be subject to the DFSA'sconsolidated prudential supervision, taking into account the parent's activities.