PIB 8.5.2
(1) An Authorised Firm in Category 3A, 3B, 3C, 3D or 4 must not, subject to (2), be a Parent of an entity that:
(a) is an Authorised Firm in Category 1 or 5 or an Insurer ; or
(b) carries on activities that would, if conducted in the DIFC , constitute Accepting Deposits , Managing a PSIA which is a PSIAu , or Effecting or Carrying out Contracts of Insurance .
(2) An Authorised Firm in Category 3A, 3B, 3C, 3D or 4 may own or control an entity referred to in (1) where it is itself a Subsidiary of:
(a) a Regulated Financial Institution licensed to carry on any one or more of the activities specified in (1)(b); or
(b) an Authorised Firm in Category 1 or 5 or an Insurer .
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
[Added] DFSA RMI270/2020 (Made 26th February 2020). [VER36/04-20]
[Added] DFSA RMI270/2020 (Made 26th February 2020). [VER36/04-20]