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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
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Financial Markets Tribunal

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(1 version)
Jul 14 2013 onwards

COB 9.6.1

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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) Without limiting the generality of the other requirements in this chapter, an ATS OperatorG must, for the purposes of meeting the requirement in Rule 9.2.1(e) relating to Proper MarketsG , ensure that:

(a) if DerivativesG are traded on its facilities, such DerivativesG meet the contract design specifications in AMI Rule 6.3.2;
(b) relevant market information is made available to PersonsG engaged in dealing on an equitable basis, including pre-trade and post-trade orders, in accordance with Rules 9.6.2{and ;
(c) there are adequate mechanisms to discontinue, suspend or remove from trading on its facilities any InvestmentsG in circumstances where the requirements in this chapter are not met;
(d) there are controls to prevent volatility in the markets that is not caused by market forces, in accordance with Rule 9.6.4;
(e) error trades are managed, in accordance with Rule 9.6.5;
(f) Short SellingG and position concentration are monitored and managed, in accordance with Rule 9.6.5;
(g) there are fair and non-discretionary algorithm operating in respect of matching of orders on its facilities;
(h) there are adequate controls to monitor and manage any foreign ownership restrictions applying to InvestmentsG traded on its facilities, in accordance with Rule 9.6.7;
(i) liquidity incentive schemes are offered only in accordance with Rule 9.6.8; and
(j) there are adequate rules and procedures to address Market AbuseG and financial crime, in accordance with Rules 9.6.9 and 9.6.10.
[Added] DFSA RM123/2013 (Made 13th June 2013) [VER22/07-13]