Chapter 1 – General
84A. Application(1) This Part applies in relation to:(a) an Authorised Firm of a class prescribed by the DFSA; and(b) where specified, an entity in a Group to which an Authorised Firm referred to in (a) belongs.(2) An Authorised Firm does not cease to be an Authorised Firm or an Authorised Firm of a particular class for the purposes of this Part merely because it ceases to:(a) hold a licence to carry on a Financial Service; or(b) carry on a Financial Service,as a result of a resolution action.
84B. Other Powers not Limited
Nothing in this Part limits the scope or application of any other provision in this Law or any other legislation administered by the DFSA.
84C. Rules for the Purposes of this Part
The DFSA may make Rules for the purposes of this Part, including Rules relating to:(a) the class of Authorised Firms to whom this Part applies;(b) Recovery or Resolution Plans;(c) Resolvability Assessments;(d) the holding and maintenance of Loss Absorbing Capacity;(e) the Resolution Powers and Resolution Tools;(f) the appointment of independent valuers and the valuations required under this Part;(g) the recognition of resolution action taken in other jurisdictions;(h) the effect of action taken under this Part on provisions in agreements or contracts;(i) the notification of events relevant to the DFSA’s exercise of its powers under this Part;(j) the conditions and procedures relating to the DFSA exercising any powers under this Part; and(k) any other matter necessary or incidental to give effect to this Part.