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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Conduct of Business Module (COB) [VER33/07-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

Whole SectionText only Print Print Manager Link

(1 version)
Jul 1 2008 onwards

COB A2.1.4

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.

The additional information required under COB A2.1.1(b) where an Authorised FirmG acts as an Investment ManagerG is:

(a) the initial value of the managed portfolio;
(b) the initial composition of the managed portfolio;
(c) the period of account for which periodic statements of the portfolio are to be provided in accordance with COB section 6.10; and
(d) in the case of discretionary investment management activities:
(i) the extent of the discretion to be exercised by the Authorised FirmG , including any restrictions on the value of any one InvestmentG or the proportion of the portfolio which any one InvestmentG or any particular kind of InvestmentG may constitute; or that there are no such restrictions;
(ii) whether the Authorised FirmG may commit the ClientG to supplement the funds in the portfolio, and if it may include borrowing on his behalf:
(A) the circumstances in which the Authorised FirmG may do so;
(B) whether there are any limits on the extent to which the Authorised FirmG may do so and, if so, what those limits are;
(C) any circumstances in which such limits may be exceeded; and
(D) any margin lending arrangements and terms of those arrangements;
(iii) that the Authorised FirmG may enter into TransactionsG for the ClientG , either generally or subject to specified limitation; and
(iv) where the Authorised FirmG may commit the ClientG to any obligation to underwrite or sub-underwrite any issue or offer for sale of SecuritiesG :
(A) whether there are any restrictions on the categories of SecuritiesG which may be underwritten and, if so, what these restrictions are; and
(B) whether there are any financial limits on the extent of the underwriting and, if so, what these limits are.
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]