W 034/07 PIB — Daiwa Securities SMBC Europe Limited

Click herehere to view the PDF


To Daiwa Securities SMBC Europe Limited
Address DIFC, Office 17, Level 15, The Gate Building, P.O. Box
121208, Dubai, United Arab Emirates
DFSA Firm Reference No. F000498
Notice No. W034/2007


The Rules specified in the table herein do not apply to the above mentioned Person.

This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.

Effective Date: This notice comes into effect on 11 April 2007 and remains in effect until further notice.


The Rules waived are set out in the table below and Table 2 in PIB Chapter 1 is to be construed accordingly.

DFSA Rulebook Module Version Rule
PIB/VER7/08-06 PIB Chapter 1, PIB Section 1.2 & PIB Section 1.4 (Financial Resources & The Trading Book)
PIB/VER7/08-06 PIB Chapter 2, all Sections (Capital)


The waivers in respect of the Rules specified above remain in effect on condition that the Authorised Firm submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy summary report to the UK Financial Services Authority (‘FSA’), within ten business days of the due date for submission to the FSA.


The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook.

Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary (GLO). Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

Name : Jane Coakley
Position : Managing Director
Date : 11 April 2007