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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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Apr 1 2015 - Jul 31 2017Aug 1 2017 onwards

COB 2.3.3

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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) An Authorised FirmG may classify a PersonG as a Professional ClientG if that Person:
(a) meets the requirements to be:
(i) a "deemed" Professional ClientG pursuant to Rule 2.3.4;
(ii) a "service-based" Professional ClientG pursuant to Rule 2.3.5, Rule 2.3.6 or Rule 2.3.6A; or
(iii) an "assessed" Professional ClientG pursuant to either Rule 2.3.7 or Rule 2.3.8; and
(b) has not opted-in to be classified as a Retail ClientG in accordance with the requirements in Rule 2.4.1.
(2) If an Authorised FirmG becomes aware that a Professional ClientG no longer fulfils the requirements to remain classified as a Professional ClientG , the Authorised FirmG must, as soon as possible, inform the ClientG that this is the case and the measures that are available to the firm and the ClientG to address that situation.
Derived from DFSA RM149/2015 (Made 11th February 2015) [VER24/04-15]
[Amended] DFSA RMI202/2017 (Made 14th June 2017). [VER29/08-17