Versions

 

W 24/06 PIB — Argent Financial Group International LLP

Click herehere to view the PDF

WAIVER NOTICE

To Argent Financial Group International LLP
Address Dubai International Financial Centre
Building #3, 3rd Floor P.O Box 75632
Dubai, United Arab Emirates
DFSA Firm Reference No. F000116
Notice No. W24/2006

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 20th March 2006 and remains in effect until further notice.

RULES WAIVED

The Rules waived are set out in the table below.

Module Version Rule
PIB/VER2/08-05 PIB Rule 1.2.1, 1.4, (Financial Resources & The Trading Book)
PIB/VER2/08-05 PIB Chapter 2 (all sections) (Capital)
PIB/VER2/08-05 PIB Chapter 4, Sections 4.3 to 4.10 (Credit Risk)
PIB/VER2/08-05 PIB Chapter 5, Section 5.6 (Market Risk)
PIB/VER2/08-05 PIB Chapter 7, Section 7.3 and 7.4 (Group Risk)

CONDITIONS

The waivers in respect of the Rules specified above remain in effect for the duration of that period set out above on condition that Argent Financial Group International LLP submits to the DFSA, on a quarterly basis, a copy of its latest Capital Adequacy Summary report to the FSA within ten business days after the due date for submission to the FSA.

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 : 20th March 2006