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TKO A1.4.1 Guidance

1. For the purposes of TKO A1.4.1(i), the Person confirming that resources will be available will not be expected to produce the cash itself if, in giving the confirmation, it acts responsibly and has taken all reasonable steps to assure itself that the cash will be available.
2. The DFSA may waive or modify the application of certain provisions of this TKO A1.4 if it is satisfied that circumstances are appropriate. See Chapter 16 of these Rules. In relation to TKO A1.4.1(e), note that the DFSA will only grant a waiver or modification in exceptional circumstances and where all shareholders are to be treated equally.

Derived from DFSA RM23/2005 (Made 26th September 2005). [VER1/09-05]