GEN 5.2.1

An Authorised Person must apportion significant responsibilities between the members of its Governing Body and its senior management and maintain such apportionment in such a way that:

(a) it meets the corporate governance requirements in Rule 5.3.30;
(b) it is appropriate with regard to:
(i) the nature, scale and complexity of the business of the Authorised Person; and
(ii) the ability and qualifications of the responsible individuals;
(c) it is clear who is responsible for which matters; and
(d) the business of the Authorised Person can be adequately monitored and controlled by the Authorised Person'sGoverning Body and senior management.

[Amended]DFSA RM43/2007 (Made 1st June 2007). [VER14/06-07]
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] DFSA RM95/2012 (Made 14th June 2012). [VER29/06-12]