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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Conduct of Business Module (COB) [VER33/07-19]
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Jul 1 2008 onwards

COB 6.11.3

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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.

(1) An Authorised FirmG must have systems and controls to ensure that Client AssetsG are identifiable and secure at all times.
(2) Where the Authorised FirmG holds a mandate, or similar authority over an account with a third party, in the Client'sG own name, its systems and controls must:
(a) include a current list of all such mandates and any conditions placed by the ClientG or by the Authorised FirmG on the use of the mandate;
(b) include the details of the procedures and authorities for the giving and receiving of instructions under the mandate; and
(c) ensure that all TransactionsG entered into using such a mandate are recorded and are within the scope of the authority of the EmployeeG and the Authorised FirmG entering into such TransactionsG .
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]