MIR 2.4.2

In determining whether a Recognised Body has financial resources sufficient for the proper performance of its Regulatory Functions, the Regulator may have regard to:

(a) the operational and other risks to which the Recognised Body is exposed;
(b) if the Recognised Body guarantees the performance of transactions in Financial Instruments, the counterparty and market risks to which it is exposed in that capacity;
(c) the amount and composition of the Recognised Body's capital and liquid financial assets;
(d) the amount and composition of the Recognised Body's other financial resources (such as insurance policies and guarantees, where appropriate);
(e) the financial benefits, liabilities, risks and exposures arising from the Recognised Body's connection with any Person, including but not limited to, its connection with:
(i) any undertaking in the same Group as the Recognised Body;
(ii) any other Person with a significant shareholding or stake in the Recognised Body;
(iii) any other Person with whom the Recognised Body has made a significant investment, whether in the form of equity, debt, or by means of any guarantee or other form of commitment; and
(iv) any Person with whom the Recognised Body has a significant contractual relationship;
(f) the likely availability of liquid financial resources to the Recognised Body during periods of major market turbulence or other periods of major stress for the Abu Dhabi Global Market Financial System; and
(g) in relation to a Recognised Investment Exchange, the nature and extent of the transactions concluded on the Recognised Investment Exchange.