Past version: effective up to 31/05/2007
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Principles apply to an Authorised Firm only with respect to activities carried on from an establishment maintained by it in the DIFC, unless an extension in (2), (3), (4) or (5) applies.
(2) Where another applicable
Rule, which is relevant to the activity, has a wider territorial scope than that in (1), any related Principle applies with that wider scope in relation to the activity described in the Rule.
(3) Principles 1, 2 and 3 apply in a
Prudential Context to an Authorised Firm with respect to activities wherever they are carried on.
(4) Principles 4 and 10 apply to an
Authorised Firm with respect to activities wherever they are carried on.
(5) Principle 5 also applies to an
Authorised Firm with respect to the activities carried on in or from any place outside the DIFC if and to the extent that the activities have, or might reasonably be regarded as likely to have, a negative effect on confidence in the financial markets operating in the DIFC.
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]