Home   Browse contents   View updates   Search  
     Quick search

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Rulebook Modules
Conduct of Business Module (COB) [VER34/01-20]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases

Whole SectionText only Print Print Manager Link

(1 version)
Jul 1 2008 onwards

COB A5.7.2

View whole sectionWhole 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.

When an Authorised FirmG opens a Client AccountG with a Third Party AgentG it must obtain, within a reasonable period, a written acknowledgement from the Third Party AgentG stating that:

(a) all MoneyG standing to the credit of the account is held by the Authorised FirmG as agent and that the Third Party AgentG is not entitled to combine the account with any other account or to exercise any charge, mortgage, lien, right of set-off or counterclaim against MoneyG in that account in respect of any sum owed to it on any other account of the Authorised FirmG ; and
(b) the title of the account sufficiently distinguishes that account from any account containing MoneyG that belongs to the Authorised FirmG , and is in the form requested by the Authorised FirmG .
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]