Insurance Intermediary or Insurance Manager must, subject to (3), disclose to a Clientif:
(a) it has a direct or indirect holding representing 10% or more of the voting rights or capital in an insurer; or
(b) an insurer, or its parent undertaking, has a direct or indirect holding representing 10% or more of the voting rights or capital in the
Insurance Intermediary or Insurance Manager.
(2) The disclosures in (1) must be made before providing
Insurance Intermediation or Insurance Management services to the Client.
Insurance Manager is not required to make a disclosure under (1) to an insurer to whom it provides Insurance Management services.
Derived from DFSA RM182/2016 (Made 19th June 2016) [VER27/08-16]