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ADGM LEGAL FRAMEWORK

  • ABU DHABI GLOBAL MARKET
    • FEDERAL LAW NO (8) OF 2004
    • FEDERAL DECREE NO (15) OF 2013
    • CABINET RESOLUTION NO (4) OF 2013
    • CABINET RESOLUTION NO. 28 OF 2007
    • ABU DHABI LAW NO. (4) OF 2013
    • ABU DHABI LAW NO. (12) OF 2020
    • ADGM LEGAL FRAMEWORK
      • COMMERCIAL LEGISLATION
      • FSRA LEGISLATION
        • Regulations
        • Rules
          • Anti-Money Laundering and Sanctions Rules and Guidance (AML) [VER06.310321]
          • Captive Insurance Business Rules (CIB) [VER04.030220]
          • Conduct of Business Rulebook (COBS) [VER11.080222]
          • Fees Rules (FEES) [VER13.270422]
          • Fund Passporting Rules (FP) [VER01.110319]
          • Fund Rules (FUNDS) [VER06.250521]
          • General Rulebook (GEN) [VER05.030220]
          • Glossary (GLO) [VER13.270422]
          • Islamic Finance Rules (IFR) [VER04.030220]
            • IFR 1. INTRODUCTION
            • IFR 2. ISLAMIC FINANCE
            • IFR 3. GENERAL OBLIGATIONS
            • IFR 4. ACCOUNTING AND AUDITING
            • IFR 5. MANAGING PROFIT SHARING INVESTMENT ACCOUNTS
              • IFR 5.1 Application
              • IFR 5.2 Additional disclosure requirements for PSIAs
              • IFR 5.3 Funds of PSIA holders
              • IFR 5.4 Prudential requirements
                • Application and Interpretation
                • Initial and ongoing capital requirements
                • Systems and controls in relation to PSIAs
                • Displaced commercial risk
                • Credit risk and counterparty risk for Islamic contracts
                • Market risk
                • Concentration risk
                • Exposure limits
                  • IFR 5.4.15
                  • IFR 5.4.16
                  • IFR 5.4.17
            • IFR 6. ISLAMIC COLLECTIVE INVESTMENT FUNDS
            • IFR 7. OFFERS OF ISLAMIC SECURITIES
            • IFR 8. TAKAFUL
            • IFR APP 1 Continuing Obligations
          • Market Infrastructure Rulebook (MIR) [VER05.240220]
          • Market Rules (MKT) [VER04.080222]
          • Prudential — Insurance Business (PIN) [VER04.270422]
          • Prudential — Investment, Insurance Intermediation and Banking Rules (PRU) [VER11.270422]
          • Rules of Market Conduct [VER02.210218]
          • Past Versions
        • Waivers and Modifications
      • ADGM COURTS LEGISLATION
      • ARBITRATION LEGISLATION
    • ADGM COURTS PROCEDURES
    • GUIDANCE & POLICY STATEMENTS
    • PUBLIC CONSULTATION PAPERS
    • NOTICES OF PUBLICATION
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  1. ABU DHABI GLOBAL MARKET
  2. ADGM LEGAL FRAMEWORK
  3. FSRA LEGISLATION
  4. Rules
  5. Islamic Finance Rules (IFR) [VER04.030220]
  6. IFR 5. MANAGING PROFIT SHARING INVESTMENT ACCOUNTS
  7. IFR 5.4 Prudential requirements
  8. Exposure limits
  9. IFR 5.4.17
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  Versions

 
  • Oct 21 2015 - Oct 20 2015
  • Oct 21 2015 - Oct 20 2015
  • Oct 21 2015 - Oct 20 2015
  • Oct 21 2015
‹ IFR 5.4.16 IFR 6. ISLAMIC COLLECTIVE INVESTMENT FUNDS ›

IFR 5.4.17

An Authorised Person must:

(a) monitor and control its Exposures funded by PSIAs, which are Unrestricted PSIAs, on a daily basis to ensure they remain within the concentration risk limits specified in IFR 5.4.15; and
(b) if a breach occurs, notify the Regulator immediately and confirm it in writing.
‹ IFR 5.4.16 IFR 6. ISLAMIC COLLECTIVE INVESTMENT FUNDS ›
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