(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.
Authorised Firm must demonstrate to the DFSA that:
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 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]