PIB 9.2.3

(1) An Authorised Firm may delegate the day-to-day management of its Liquidity Risk to another entity in the same Group for management on a Group basis only if:
(a) the Governing Body of the Authorised Firm:
(i) has formally approved the delegation;
(ii) keeps the delegation under review; and
(b) the Authorised Firm notifies the DFSA in writing of the delegation immediately upon its being made.
(2) If an Authorised Firm delegates the management of its Liquidity Risk in accordance with (1), the requirements in this chapter continue to apply to the Authorised Firm.
(3) An Authorised Firm must revoke a delegation referred to in (1) and bring day-to-day Liquidity Risk management back within the Authorised Firm if the DFSA requests it in writing to do so.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]
[Amended] DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]