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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 onwards

COB 2.4.3

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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) For the purpose of the analysis required under Rules 2.3.7(1)(b)(ii) and 2.3.8(1)(b), an Authorised FirmG must include, where applicable, consideration of the following matters:
(a) the Person'sG knowledge and understanding of the relevant financial markets, types of financial products or arrangements and the risks involved either generally or in relation to a proposed TransactionG ;
(b) the length of time the PersonG has participated in relevant financial markets, the frequency of dealings and the extent to which the PersonG has relied on professional financial advice;
(c) the size and nature of transactions that have been undertaken by, or on behalf of, the PersonG in relevant financial markets;
(d) the Person'sG relevant qualifications relating to financial markets;
(e) the composition and size of the Person'sG existing financial investment portfolio;
(f) in the case of credit or insurance transactions, relevant experience in relation to similar transactions to be able to understand the risks associated with such transactions; and
(g) any other matters which the Authorised FirmG considers relevant.
(2) Where the analysis is being carried out in respect of an UndertakingG , the analysis must be applied, as appropriate, to those individuals who are authorised to undertake transactions on behalf of the Undertaking.
Derived from DFSA RM149/2015 (Made 11th February 2015) [VER24/04-15]