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Dubai Financial Services Authority (DFSA): Contents

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GEN 2.11.1

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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.

(1) In GEN Rule 2.2.2 Advising on Financial ProductsG means giving advice to a PersonG in his capacity as an investor or potential investor, or in his capacity as agent for an investor or a potential investor, on the merits of his buying, selling, holding, subscribing for or underwriting a particular financial product (whether as principal or agent).
(2) Advice in (1) includes a statement, opinion or report:
(a) where the intention is to influence a PersonG , in making a decision, to select a particular financial product or an interest in a particular financial product; or
(b) which could reasonably be regarded as being intended to have such an influence.
(3) Giving advice to a PersonG under (1) includes operating an Insurance Aggregation SiteG relating to contracts of Long-Term InsuranceG , other than contracts of reinsurance.
(4) For the purposes of this RuleG and GEN Rule 2.11.2 a financial product is an InvestmentG , DepositG , Profit Sharing Investment AccountG or rights under a contract of Long-Term InsuranceG , that is not a a contract of reinsurance.

Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] [VER10/06-06]
[Amended] DFSA RM49/2007 (Made 1st October 2007). [VER16/10-07]
[Amended] DFSA RM68/2009 (Made 3rd January 2010). [VER24/01-10]
Amended in accordance with Notice of Amendments to Legislation April 2011 [VER27/02-11]
[Amended] DFSA RM176/2016 (Made 19th June 2016) [VER37/08-16]
[Amended] DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]