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

Read it on the regulator's website

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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