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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Rulebook Modules
Conduct of Business Module (COB) [VER33/07-19]
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Jul 1 2008 - Mar 31 2015Apr 1 2015 onwards

COB 3.3.2

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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) Subject to (2), an Authorised FirmG must not carry on a Financial ServiceG with or for a PersonG unless:
(a) there is a Client AgreementG containing the key information specified in App2 which is either entered into:
(i) between the Authorised FirmG and that PersonG ; or
(ii) in accordance with the requirements in Rule 3.3.4; and
(b) before entering into the Client AgreementG with the PersonG , the Authorised FirmG has provided to that PersonG the key information referred to in (a) in good time to enable him to make an informed decision relating to the relevant Financial ServiceG .
(2) An Authorised FirmG may provide a Financial ServiceG to a ClientG without having to comply with the requirement in (1);
(a) subject to (3), where it is, on reasonable grounds, impracticable to comply; or
(b) where the ClientG has expressly agreed to dispense with the requirement in regard to a personal investment vehicle.
(3) When (2)(a) applies, an Authorised FirmG providing the Financial ServiceG must:
(a) first explain to the PersonG why it is impracticable to comply; and
(b) enter into a Client AgreementG as soon as practicable thereafter.
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]
[Amended] DFSA RM149/2015 (Made 11th February 2015) [VER24/04-15]