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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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  Versions
(1 version)
 
Jul 14 2013 onwards

COB 9.2.2



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) The Operating RulesG of an ATS OperatorG must be:

(a) based on objective criteria;
(b) non-discriminatory;
(c) clear and fair;
(d) legally binding and enforceable against each member and where relevant, any other PersonG who has been allowed access to the facility through the member; and
(e) in the case of a PersonG operating an MTFG , non-discretionary and made publicly available.

(2) The Operating RulesG of an ATS OperatorG must place obligations upon PersonsG who are admitted to trading on its facility (“members”):

(i) when undertaking transactions on its facilities; and
(iii) relating to professional standards applicable to staff and other PersonsG allowed access to the facility through such a member.

(3) Without limiting the generality of (1) and (2), the Operating RulesG of an ATS OperatorG must contain:

(a) criteria for admission of members to its facility, in accordance with Rule 9.3.1;
(b) criteria relating to InvestmentsG traded on its facility, in accordance with Rule 9.4.1;
(c) the rules and procedures governing trading on the facility;
(d) default rules;
(e) the rules and procedures for the clearing and settlement of transactions executed on the facility; and
(f) any other matters necessary for the proper functioning of its facility.
[Added] DFSA RM123/2013 (Made 13th June 2013) [VER22/07-13]