PIB A9.1.1
(1) This Rule applies to an Authorised Firm carrying on business in or from the DIFC through a Branch that applies for a global liquidity concession under PIB Rule 9.3.2.
(2) The Authorised Firm must demonstrate to the DFSA that:
(a) its Branch complies with all applicable liquidity systems and controls requirements in sections PIB 9.2 and PIB 9.2A;
(b) its head office is established in a jurisdiction where there are no legal constraints imposed by the home supervisor or any other authority on the provision of liquidity to its branch; and
(c) its head office is subject to equivalent or more restrictive liquidity requirements, than those imposed by the DFSA .
(3) The DFSA may, when considering an application from the Authorised Firm for a global liquidity concession, impose additional or alternative conditions to those specified in (2) or disapply a condition in (2).
[Added] DFSA RM148/2014 (Made 1st January 2015). [VER23/01-15]