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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)

Rulebook Modules

Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) [VER16/07-19]

Authorised Market Institutions (AMI) [VER18/02-17]

Auditor Module (AUD) [VER3/02-17]

Conduct of Business Module (COB) [VER33/07-19]

COB 1 Introduction

COB 2 Client Classification

COB 3 Core Rules — Investment Business, Accepting Deposits, Providing Credit, Providing Trust Services and Operating a Crowdfunding Platform

COB 4 Additional Rules — Accepting Deposits and Providing Credit

COB 5 Additional Rules — Providing Trust Services

COB 6 Additional Rules — Investment Business

COB 6.1 Application

COB 6.2 Personal Account Transactions

COB 6.3 Investment Research and Offers of Securities

Disclosures in Investment Research

COB 6.3.3

COB 6.3.3 Guidance

Restrictions on Publication

Restriction on Own Account Transactions

Offers of Securities

COB 6.4 Best Execution

COB 6.5 Non-market Price Transactions

COB 6.6 Aggregation and Allocation

COB 6.7 Record Keeping — Voice and Electronic Communications

COB 6.8 Other Dealing Rules

COB 6.9 Confirmation Notes

COB 6.10 Periodic Statements

COB 6.11 Client Assets

COB 6.12 Client Money

COB 6.13 Client Investments

COB 6.14 Record Keeping

COB 6.15 Advising on or Arranging Direct Long-Term Insurance

COB 6.15 Advising on or Arranging Direct Long-Term Insurance

COB 7 Core Rules — Insurance

COB 8 Specific Rules – Operating A Credit Rating Agency

COB 9 Additional Rules: Operating an Alternative Trading System

COB 10 Custody Providers Acting as a Central Securities Depository ("CSD")

COB 11 Crowdfunding

COB App 1 Records of Orders and Transactions

COB App 2 Key Information and Client Agreement

COB App 3 Confirmation of Transactions

COB App 4 Periodic Statements

COB App 5 Client Money Provisions

COB App 6 Safe Custody Provisions

Collective Investment Rules (CIR) [VER25/07-19]

Fees Module (FER) [VER20/02-19]

Fund Protocol Rules (FPR) [VER1/02-19]

General Module (GEN) [VER44/07-19]

Glossary Module (GLO) [VER44/07-19]

Islamic Finance Rules (IFR) [VER13/12-18]

Markets Rules (MKT) [VER15/07-19]

Price Stabilisation Module (PRS) [VER7/04-18]

Prudential — Insurance Business Module (PIN) [VER15/01-18]

Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]

Recognition (REC) [VER12/01-18]

Representative Office Module (REP) [VER10/04-18]

Takeover Rules Module (TKO) [VER7/02-16]

Sourcebook Modules

Consultation Papers

Policy Statements

DFSA Codes of Practice

Amendments to Legislation

Financial Markets Tribunal

Connected by Complinet

Location: Dubai Financial Services Authority (DFSA) > Rulebook Modules > Conduct of Business Module (COB) [VER33/07-19] > COB 6 Additional Rules — Investment Business > COB 6.3 Investment Research and Offers of Securities > Disclosures in Investment Research > COB 6.3.3

Disclosures in Investment Research

COB 6.3.3 Guidance

Versions
(1 version)

Jul 1 2008 onwards

COB 6.3.3

View whole section 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.

When an Authorised Firm^G publishes Investment Research^G , it must take reasonable steps to ensure that the Investment Research^G :

(a) clearly identifies the types of Clients^G for whom it is principally intended;

(b) distinguishes fact from opinion or estimates, and includes references to sources of data and any assumptions used;

(c) specifies the date when it was first published;

(d) specifies the period the ratings or recommendations are intended to cover;

(e) contains a clear and unambiguous explanation of the rating or recommendation system used;

(f) includes a distribution of the different ratings or recommendations, in percentage terms:

(i) for all Investments^G ;

(ii) for Investments^G in each sector covered; and

(iii) for Investments^G , if any, where the Authorised Firm^G has undertaken corporate finance business with or for the Issuer^G over the past 12 months; and

(g) if intended for use only by a Professional Client^G or Market Counterparty^G , contains a clear warning that it should not be relied upon by or distributed to Retail Clients^G .

Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]

Disclosures in Investment Research

COB 6.3.3 Guidance