The DFSA Rulebook Recovery and Resolution (RAR)

RAR/VER1/04-20 

1. APPLICATION AND INTERPRETATION 

1.1 Application 

1.1.1

(1) Part 5A of the Regulatory Law (the Law) and this Module (RAR) apply to an Authorised Firm that is authorised under its Licence to carry on any one or more of the following Financial Services: 

(a) Accepting Deposits; 

(b) Providing Credit, 

(c) Dealing in Investments as Principal; or 

(d) Managing a Profit-Sharing Investment Account where that account is received on an unrestricted basis (a PSIAu). 

(2) Where specified these Rules also apply to a Parent or Subsidiary of the Authorised Firm or to another entity in its Group. 

1.2 Definitions 

Guidance 

Rule 1.2.1 sets out are a number of mainly technical definitions used only in RAR. The definitions do not also appear in GLO unless they are used elsewhere in the Rulebook. GLO also contains definitions used in RAR. In some cases, GLO definitions are replicated in Rule 1.2.1 for convenience where those definitions are embedded in RAR specific definitions. Commonly used definitions such as “Authorised Firm”, “Financial Service” and “Group” appear only in GLO. 

1.2.1

In this module, the terms and abbrevi...