Featured Product

    Dubai FSA Updates Sourcebook Module on Application Forms and Notices

    September 01, 2018

    Dubai FSA updated the Application Forms and Notices (AFN) Module of its Sourcebook for financial institutions. The module provides information related to the Core Information form, various Fund forms, the Representative Office form, the Credit Rating Agency form, and any applicable supplements. The appropriate forms and supplements must be submitted by entities if they wish to carry on one or more Financial Services in, or from, the Dubai International Financial Center.

    The forms and supplements are designed to assist an entity to provide DFSA with information about the Financial Services for which it are seeking a license and to help DFSA understand how the entity intends to carry on those activities. An entity (referred to as "you" in the module) will need to satisfy DFSA that it has sufficient financial resources, appropriate personnel, adequate systems, and internal controls to carry out the proposed Financial Services. Each person seeking status as an Authorized Individual should complete the AUT- IND 1 forms. An Authorized Firm wishing to vary its current license should complete Form SUP 4 and any applicable supplements. An entity may be required to complete more than one form and supplement depending on the nature of the Financial Services it wants to carry out.

    Financial Services have been defined in the General (GEN) module of the DFSA Rulebook. The GEN module (chapter 2) outlines which business activities fall within the definition of Financial Services and enables to check whether there are any exemptions or prohibitions that may be relevant to the application. The GEN module (chapter 7) also sets out the authorization requirements of DFSA.


    Related Links

    Keywords: Middle East and Africa, United Arab Emirates, Banking, Insurance, Securities, AFN Module, Sourcebook, Application Forms and Notices, Dubai FSA

    Related Articles
    News

    HKMA Consults on Supervisory Policy for OTC Derivatives Transactions

    HKMA is consulting on revisions to the Supervisory Policy Manual module CR-G-14 on margin and other risk mitigation standards for non-centrally cleared over-the-counter (OTC) derivatives transactions.

    May 25, 2020 WebPage Regulatory News
    News

    PRA on Regulatory Capital and IFRS 9 Requirements for Payment Holidays

    PRA provided further information on the application of regulatory capital and IFRS 9 requirements to payment holidays granted or extended to address the challenges arising from COVID-19 outbreak.

    May 22, 2020 WebPage Regulatory News
    News

    HKMA on Fintech Adoption and Innovation by Banks in Hong Kong

    HKMA announced the publication of a report on fintech adoption and innovation in the banking industry in Hong Kong.

    May 20, 2020 WebPage Regulatory News
    News

    BIS on Impact of Increasing Use of Cloud Technology on Cyber Risk

    BIS published a working paper that examines the drivers of cyber risk, especially in context of the cloud services.

    May 20, 2020 WebPage Regulatory News
    News

    ECB Consults on Guide for Managing Climate and Environmental Risks

    ECB launched consultation on a guide specifying how the Banking Supervision expects banks to consider climate-related and environmental risks in their governance and risk management frameworks and when formulating and implementing their business strategy.

    May 20, 2020 WebPage Regulatory News
    News

    ECB Issues Opinion on Revisions to CRR in Response to COVID Crisis

    ECB published an opinion (CON/2020/16) on amendments to the prudential framework in EU in response to the COVID-19 pandemic.

    May 20, 2020 WebPage Regulatory News
    News

    EBA Assesses Interlinkages Between Recovery and Resolution Planning

    EBA published a report that examines the interlinkages between recovery and resolution planning under the Bank Recovery and Resolution Directive (BRRD).

    May 20, 2020 WebPage Regulatory News
    News

    SRB Publishes Final MREL Policy Under the Banking Package

    SRB published the final Minimum Requirements for Own Funds and Eligible Liabilities (MREL) policy under the Banking Package.

    May 20, 2020 WebPage Regulatory News
    News

    US Agencies Amend Interim Final Rule on Transition Period for CECL

    US Agencies (FDIC, FED, and OCC) published a final rule that makes technical changes to the March 31, 2020 interim final rule that provides a five-year transition period for the impact of the current expected credit loss (CECL) methodology on regulatory capital.

    May 19, 2020 WebPage Regulatory News
    News

    ECB Releases Results of March Survey on Credit Terms and Conditions

    ECB published results of the March 2020 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets.

    May 19, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5208