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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]
COB 6 Additional Rules — Investment Business
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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(1 version)
Jul 1 2008 onwards

COB 6.3.3

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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.

When an Authorised FirmG publishes Investment ResearchG , it must take reasonable steps to ensure that the Investment ResearchG :

(a) clearly identifies the types of ClientsG 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 InvestmentsG ;
(ii) for InvestmentsG in each sector covered; and
(iii) for InvestmentsG , if any, where the Authorised FirmG has undertaken corporate finance business with or for the IssuerG over the past 12 months; and
(g) if intended for use only by a Professional ClientG or Market CounterpartyG , contains a clear warning that it should not be relied upon by or distributed to Retail ClientsG .
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]