After attending this session, attendees will be able to:

• Describe the risk-based regulatory environment, particularly the role of the DFSA, including:
  • How this approach effects your firm’s operations
  • What is expected of your firm by the regulator
  • the obligation on Authorised firms to identify and manage business risks

• Demonstrate an understanding of the risk based tools and activities utilised by DFSA including the:
  • Regular cycle and trigger event on-site assessment
  • Firm's scope of business and category in relation to an assessment
  • Compliance and co-operation
  • Powers and Enforcement

• Understand the preparation that the firm will need to undertake for an on-site assessment including documentation and availability of personnel and records.