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]