The DFSA Rulebook Prudential – Investment, Insurance Intermediation and Banking Module (PIB)

1 APPLICATION, INTERPRETATION AND CATEGORISATION

1.1 Application

1.1.1 (1) This module (PIB) applies to every Authorised Firm other than: (a) an Insurer; (b) a Representative Office; and (c) a Credit Rating Agency. (2) The Rules in PIB apply to an Authorised Firm in accordance with its Category determined under section 1.3. (3) Where a chapter, part or section of PIB applies to a limited scope of Categories of Authorised Firm, the term “Authorised Firm” used in those provisions is to be read accordingly. (4) The Rules in PIB apply to the whole business of an Authorised Firm except in relation to Client Assets and Insurance Monies that are held or controlled by an Authorised Firm which are not included in any prudential calculation.

Branches

1.1.2 Unless otherwise directed by the DFSA, an Authorised Firm that is a Branch is required to comply with the Rules in chapters 2 to 11 as specifically provided in “Application Table A” which forms part of this Rule.

Guidance

1. The effect of Rule 1.1.1(1) is that these Rules apply to all Authorised Firms, except those carrying on Insurance Business (tha...