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PIB 9.2A.8 Guidance

1. Key aspects of CFP testing include ensuring that roles and responsibilities are appropriate and understood, confirming that contact information is up to date, proving the transferability of cash and collateral (especially across borders and entities) and ensuring that the necessary legal and operational documentation is in place to execute the plan at short notice.
2. An Authorised Firm should test key assumptions regularly, such as its ability to sell or repo certain assets or periodically draw down credit lines.
[Added] DFSA RM148/2014 (Made 1st January 2015). [VER23/01-15]