W 114/06 AUT — Standard Bank Plc
Click here to view the PDF
WAIVER AND MODIFICATION NOTICE
To | Standard Bank Plc |
Address | 16th Floor, Emirates Towers P.O.Box — 504904 Dubai United Arab Emirates |
DFSA Firm Reference No. | F000028 |
Notice No. | W114/2006 |
THE DFSA HEREBY GIVES NOTICE THAT:
AND
This notice is issued by the DFSA under Article 25 of the Regulatory Law 2004.
Effective Date: This notice comes into effect on 22 May 2006 and expires on 30 June 2006 or the date on which any Rule specified herein is amended, whichever is earlier.
RULES WAIVED
The Rules waived are set out in Table A.
Module Version | Rule |
AUT/VER4/04-06 | Rules AUT 10.2.2 (h), AUT 11.3.1, AUT 11.3.2 |
RULES MODIFIED
The Rules listed in the left hand column of Table B below are modified as shown in the right hand column of the table, underlining indicates new text and striking through indicates deleted text.
The version of Rules to which this part of the notice relates is AUT/VER4/04-06.
TABLE B
Rule | Modified Text |
AUT 11.2.1 |
11.2.1
An Authorised Firm must not permit an individual to perform a Licensed Function on its behalf, except as permitted by section 9.4 unless that individual is an Authorised Individual who
|
INTERPRETATION
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.
This notice was issued by:
Name : | David Knott |
Position : | Chief Executive |
Date : | 22 May 2006 |