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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Conduct of Business Module (COB) [VER33/07-19]
Sourcebook Modules
Consultation Papers
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DFSA Codes of Practice
Amendments to Legislation
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Financial Markets Tribunal
Archive

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  Versions
(2 versions)
 
Jul 1 2008 - Oct 28 2018Oct 29 2018 onwards

COB 5.9.1



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 books and records of a Trust Service ProviderG must be sufficient to demonstrate adequate and orderly management of Clients' affairs. A Trust Service ProviderG must prepare proper accounts, at appropriately regular intervals on the trusts and underlying companies administered for its ClientsG . Where trusts and underlying companies are governed by the laws of a jurisdiction that require accounts to be kept in a particular form, the Trust Service ProviderG must meet those requirements. In any case, the Trust Service Provider'sG books and records must be sufficient to allow the recreation of the transactions of the business and its ClientsG and to demonstrate what assets are due to each ClientG and what liabilities are attributable to each ClientG . The books and records must also include sufficient details about service providers and agents engaged on behalf of the trust.

Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]
[Amended] DFSA RM232/2018 (Made 6th June 2018) [VER31/09-18]