PIB 8.1.2 Guidance
1. If more than one member of the same
Group is subject to an obligation to provide information in respect of a position of the Group or Financial Group, one or more of those Authorised Firms may make application to the DFSA for an appropriate waiver or modification.
2. For the purposes of PIB Rule 8.1.2, the
DFSA would consider a range of factors when requiring an Authorised Firm to form a Financial Group. These factors would include regulatory risk factors, including but not limited to, (direct and indirect) participation, influence or contractual obligations, interconnectedness, intra group exposures, intra group services, regulatory status and legal framework.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]