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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 14 2013 onwards

COB 9.2.1

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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 ATS OperatorG must, at the time a LicenceG is granted and at all times thereafter, have:

(a) transparent and non-discriminatory rules and procedures to ensure fair and orderly trading of Investments on its facility (“Operating RulesG ”);
(b) objective criteria governing access to its facility (“Access CriteriaG ”);
(c) objective and transparent criteria for determining the InvestmentsG that can be traded on its facility (“Investment CriteriaG ”);
(d) adequate technology resources (“Technology ResourcesG ”); and
(e) rules and procedures to ensure only InvestmentsG in which there is a Proper MarketG are traded on its facilities (“Proper MarketsG ”).

(2) A breach of the Operating RulesG of an ATS OperatorG is a prescribed matter for the purposes of Article 67(1)(b) of the Regulatory Law 2004.

[Added] DFSA RM123/2013 (Made 13th June 2013) [VER22/07-13]