PRU-EPRS 1.38 Instructional Guidelines- Form B270 — Related Party Transactions

Purpose

Form B270 is designed to capture the data pertaining to all the assets and liabilities of an Authorised Firm which involve a Related Person or a Connected Counterparty to the Authorised Firm. The scope of this form includes all Authorised Firms falling under the Rules of the PIB module of the DFSA Rulebook.

Applicability

This form is applicable to all Authorised Firms classified under any of the prudential categories 1 to 5 as per the PIB module of the DFSA Rulebook. These include Authorised Firms operating as a Branch in the DIFC.

Content

The form is intended to capture information pertaining to assets and liabilities of the Authorised Firm which are owed by or owed to a Related Person or to a Connected Counterparty. The form is structured to seek the data on all the assets and liabilities of the Authorised Firm, split in to assets and liabilities pertaining to Related Person & Group companies and those pertaining to other Counterparties. Authorised firms are required to report all data in USD equivalent.

Structure of the form in EPRS

B270 is a single form which has two main sections. The first section seeks data pertaining to assets and the second section on liabilities. The data being sought is restricted to broad categories of assets and liabilities consistent with the purpose of the form in identifying the extent of Related Party Transactions in the overall business of the Authorised Firm.

In both sections, the data is required to be split-up between related party Exposures and those relating to other parties in the two columns along with the total of the two classes in the right-most column.

Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]
[Amended] [VER2/04-13]