Systems and Controls Guidance

For the purposes of PIB section 3.2, an Authorised Firm is required to have systems and controls in place to enable it to be certain that it has adequate Capital Resources to comply with PIB Rule 3.2.3 at all times. An Authorised Firm's systems and controls should be such as to allow it to demonstrate its capital adequacy at any particular time if required to do so by the DFSA. Where through the operation of those systems and controls an Authorised Firm forms the view that it may not be able to satisfy the requirements of PIB Rule 3.2.3 in the future, that Authorised Firm is required to immediately inform the DFSA in accordance with PIB Rule 3.2.5.

Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]