Dubai Financial Services Authority
Notice of Amendments to Legislation: May 2026 (CP167 – Basel Core Principles Alignment)
DFSA finalised CP167 amendments aligning the rulebook with Basel Core Principles: new risk management function requirements for large/complex firms (GEN), Tier 2 capital and credit risk classification updates (PIB), and consequential Glossary (GLO) and Islamic Finance Rules (IFR) changes, effective 1 January 2027.
What firms should do
Yes — plan for new risk management function and capital/credit risk classification requirements by 1 Jan 2027
- Regulator
- Dubai Financial Services Authority
- Type
- Rule Amendment
- Status
- Enacted
- Published
- 12 May 2026
- Takes effect
- 1 Jan 2027
- Reference
- CP No. 167; RMI No. 437-440/2026
- Topic
- Prudential
- Impact
- High
Found automatically on the regulator's website and summarised by AI by Arakan Lexara. Not legal advice; check the official source before relying on it.
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