Home   Browse contents   View updates   Search  
     Quick search
Go
   

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Conduct of Business Module (COB) [VER32/02-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

Whole SectionText only Print Print Manager Link


  Versions
(2 versions)
 
Jul 1 2008 - Jul 31 2009Aug 1 2009 onwards

COB A5.3.3



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.

(1) An Authorised FirmG may deposit its own MoneyG in a Client AccountG where:
(a) it is a minimum sum required to open the account, or to keep it open;
(b) the MoneyG is received by way of mixed remittance provided the Authorised FirmG transfers out that part of the payment which is not Client MoneyG within one day of the day on which the Authorised FirmG would normally expect the remittance to be cleared;
(c) interest credited to the account exceeds the amount payable to Segregated ClientsG , provided that the MoneyG is removed within twenty five days; or
(d) it is to meet a shortfall in Client MoneyG .
(2) Where an Authorised FirmG deposits any MoneyG into a Client AccountG such MoneyG is Client MoneyG until such time as the MoneyG is withdrawn from the Client AccountG in accordance with the Client Money ProvisionsG .
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]
[Amended] DFSA RM66/2009 (Made 1st August 2009). [VER16/08-09]