Entire Section

  • COB 12.3.6 COB 12.3.6

    (1) A Participating Employer may make a payment to meet, in whole or in part, the administration costs of the Scheme.
    (2) Where a Participating Employermakes a payment under (1), the Operator must use that payment to defray the costs the administrative costs of the Scheme on Member contributions.
    Derived from DFSA RMI261/2019 (Made 18th December 2019). [VER35/01-20]

    • COB 12.3.6 Guidance

      The payments referred to in COB Rule 12.3.6(1) are voluntary payments a Participating Employer may make, over and above Member contributions in respect of its Employees’ gratuity. If such payments are made, the Operator needs to ensure that they are used for defraying costs borne by Members, rather than treated as additional contributions available for investment.

      Derived from DFSA RMI261/2019 (Made 18th December 2019). [VER35/01-20]