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RPP 9-4-8

In some cases the RAWC may determine that waivers or modifications should be standardised, that is, made available to any applicant meeting certain criteria. An example of standard relief given is a waiver of the prudential requirements in Chapters 4, 6 and 7 of the PIN Module that would otherwise apply to an Insurer operating as a Branch. Where standard relief is given, the DFSA will consider at the appropriate time whether the relevant Rule or Rules should be amended, so that standard relief need no longer be applied for.

Derived from Notice of Updates (Made 11th February 2015). February 2015 Edition