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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Conduct of Business Module (COB) [VER32/02-19]
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Jul 1 2008 - Jul 31 2016Aug 1 2016 onwards

COB 7.5.3

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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 Insurance IntermediaryG must, before providing any Insurance IntermediationG service to a PersonG as a Retail ClientG , disclose whether any advice or information is or will:
(a) be provided on the basis of a fair analysis of the market;
(b) not be provided on the basis of a fair analysis of the market because of any contractual agreement it has with any particular insurer or insurers to deal with only their products; or
(c) even if there are no contractual agreements of the type referred to in (b), not be provided on the basis of a fair analysis of the market.
(2) If (1) (b) or (c) applies, the Insurance IntermediaryG must, if requested by the Retail ClientG , provide to that ClientG a list of insurers with whom it deals or may deal in relation to the relevant ContractsG of InsuranceG .
(3) An Insurance IntermediaryG must, before providing any Insurance IntermediationG service to a ClientG , disclose to that ClientG whether it acts on behalf of an insurer or any other PersonG or acts independently on behalf of ClientsG .
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]
[Amended] DFSA RM182/2016 (Made 19th June 2016) [VER27/08-16]