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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Conduct of Business Module (COB) [VER33/07-19]
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  Versions
(1 version)
 
Jul 1 2008 onwards

COB 6.2.1



Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

An Authorised FirmG must establish and maintain adequate policies and procedures so as to ensure that:

(a) an EmployeeG does not undertake a Personal Account TransactionG unless:
(i) the Authorised FirmG has, in a written notice, drawn to the attention of the EmployeeG the conditions upon which the EmployeeG may undertake Personal Account TransactionsG and that the contents of such a notice are made a term of his contract of employment or services;
(ii) the Authorised FirmG has given its written permission to that EmployeeG for that transaction or to transactions generally in InvestmentsG of that kind; and
(iii) the transaction will not conflict with the Authorised Firm'sG duties to its ClientsG ;
(b) it receives prompt notification or is otherwise aware of each Employee's Personal Account TransactionsG ; and
(c) if an Employee'sG Personal Account TransactionsG are conducted with the Authorised FirmG , each Employee'sG account must be clearly identified and distinguishable from other Clients' accounts.
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]