Book traversal links for Article (8) - Investment Outsourced Activities
Article (8) - Investment Outsourced Activities
IA-BOD-RES 25/2014 Effective from 28/12/2014The Company is entitled to engage with a third party inside the UAE to execute and manage its investment policy, provided that:
- The policies, procedures and limits for the outsourced party must meet the same objectives of the Company's investment policies and procedures approved by its Board of Directors.
- The arrangements for outsourcing the investment activities to the third party are in compliance with supervisory expectations specified by the Authority.
- The Company is responsible for the management of investment activities with an authorized third party.
- The Company provides the Authority with a copy of the agreement with the third party and any amendments thereto and any other requirements as requested by the Authority.
- Further guidance on investment outsourced activities in Addendum (5) of the regulations herein shall be applied.