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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

(2 versions)
Aug 1 2017 - Jun 30 2019Jul 1 2019 onwards

COB A2.1.5

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 following terms must be included in a Client AgreementG between a Crowdfunding OperatorG and a ClientG that is a lender or an investor:

(a) the operator's obligations to administer the loan or InvestmentG , including:
(i) how payments made by the borrower, IssuerG , or in respect of a property, will be transferred to the lender or investor; and
(ii) steps that will be taken if payments by a borrower, IssuerG , or in respect of a property are overdue or the borrower or IssuerG is in default;
(b) if the ClientG is a Retail ClientG , the steps that will be taken by the operator and lender or investor to ensure that the lender or investor complies with any applicable limits relating to the amounts of loans or investments that may be made using the platform;
(c) for Investment CrowdfundingG or Property Investment Crowdfunding, if the ClientG is a Retail ClientG , that the ClientG agrees to sign a risk acknowledgement form each time before he makes an InvestmentG using the platform; and
(d) the contingency arrangements that the operator will put in place to deal with a platform failure or if the operator ceases to carry on its business.
[Added] DFSA RMI202/2017 (Made 14th June 2017). [VER29/08-17]
[Amended] DFSA RMI254/2019 (Made 26th June 2019). [VER33/07-19]