The DFSA is an integrated principles-based regulator that follows a risk-based approach in the supervision of regulated firms, including Financial Institutions, Registered Auditors, and Credit Rating Agencies. The DFSA’s risk-based approach to the supervision of a firm may vary depending upon the nature, scale, complexity, size and circumstances of each individual firm and the specific risks it poses to the DFSA’s objectives.
We conduct prudential and conduct of business supervision and deploy our supervisory resources to those firms and financial services activities that pose the greatest risk to our regulatory objectives. The DFSA does not operate a “zero failure” regime because doing so would place excessive regulatory burden on financial institutions and adversely impact the efficiency of the financial system. Therefore, we aim to reduce the risk and impact of failure or of inappropriate behaviour by deploying supervisory resources to those Firms and activities that present the greatest risk to the DFSA’s objectives.
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