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GEN 5.2.3

(1) An Authorised Person must establish and maintain an up-to-date record of the arrangements it has made to comply with Rules GEN 5.2.1 and GEN 5.2.2.
(2) The record must show that the members of the Governing Body and the senior management are aware of and have accepted the responsibilities apportioned in accordance with GEN Rule 5.2.1.
(3) Where a responsibility has been allocated to more than one individual, the record must show clearly how that responsibility is allocated between the individuals.
(4) The record must be retained for six years from the date on which it was established or superseded by a more up-to-date record.

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