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  • Notification if the NSFR Requirement not met

    • PIB 9.3.13 PIB 9.3.13

      An Authorised Firm must notify the DFSA in writing immediately if it does not meet, or becomes aware of circumstances that may result in it not meeting, its NSFR Requirement.

      Derived from DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]

      • 9.3.13 Guidance

        1. An Authorised Firm should explain clearly in its notification:
        a. the reasons for it not meeting its NSFR Requirement;
        b. measures that have been taken and will be taken to ensure it meets its NSFR Requirement; and
        c. its expectations regarding the potential duration of the situation.
        2. An Authorised Firm that makes a notification should discuss with the DFSA what, if any, further steps it should take to deal with the situation.
        Derived from DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]