W 150/06 PIB — Fortis Bank
|Address||Level 5, East Wing, The Gate Building, PO Box 211104,
DIFC, Dubai, UAE
|DFSA Firm Reference No.||F000298|
THE DFSA HEREBY GIVES NOTICE THAT:
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 28th August 2006 and remains in effect until further notice.
The Rules waived are set out in the table below and Table 2 in chapter PIB 1 is to be construed accordingly.
|PIB/VER7/08-06||Chapter PIB 1, Section PIB 1.2 & PIB 1.4 (Financial Resources & The Trading Book)|
|PIB/VER7/08-06||Chapter PIB 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 Commission Bancaire, Financiere et des Assurances, within ten business days of the due date for submission to Commission Bancaire, Financiere et des Assurances.
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 :||28th August 2006|