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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

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(1 version)
Jul 14 2013 onwards

COB 9.6.6

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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 have in place effective systems, controls and procedures to monitor and manage:

(a) Short SellingG in SecuritiesG ; and
(b) position concentrations.

(2) For the purposes of (1), an ATS OperatorG must have adequate powers over its members to address risks to an orderly functioning of its facility arising from unsettled positions in InvestmentsG .

(3) Short SellingG for the purposes of this RuleG constitutes the sale of a SecurityG by a PersonG who does not own the SecurityG at the point of entering into the contract to sell.

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