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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]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

Whole SectionText only Print Print Manager Link

(2 versions)
Jul 1 2008 - Jul 31 2018Aug 1 2018 onwards

COB A5.5.1

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.

The requirement for an Authorised FirmG to pay Client MoneyG into a Client AccountG does not, subject to COB Rule A5.5.2, apply with respect to such Client MoneyG :

(a) received in the form of cheque, or other payable order, until the Authorised FirmG , or a PersonG or account controlled by the Authorised FirmG , is in receipt of the proceeds of that cheque;
(b) temporarily held by an Authorised FirmG before forwarding to a PersonG nominated by the ClientG ;
(c) in connection with a Delivery Versus Payment TransactionG where:
(i) in respect of a ClientG purchase, Client MoneyG from the ClientG will be due to the Authorised FirmG within one day upon the fulfilment of a delivery obligation; or
(ii) in respect of a ClientG sale, Client MoneyG will be due to the ClientG within one day following the Client'sG fulfilment of a delivery obligation; or
(d) held in the Client'sG own name where the Authorised FirmG has a mandate to manage the MoneyG on a discretionary basis.
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]
[Amended] DFSA RM226/2018 (Made 6th June 2018). [VER30/08-18]