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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)
Apr 1 2015 onwards

COB 2.4.4 Guidance

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. Generally, an Authorised FirmG relying on this Rule should be able to demonstrate to the DFSAG the due diligence process that it had undertaken to assess whether the client classification made by its head office or other branch of the same legal entity or a member of its GroupG substantially meets the client classification requirements in this chapter and, if any gaps are identified, how those gaps are effectively addressed. See Rule 2.5.3, which requires the provision of unrestricted access to records for demonstrating to the DFSAG due compliance with this Rule.
2. If an Authorised FirmG wishes to use any client classification undertaken by any third party other than its head office or another branch of the same legal entity, or a member of its GroupG , such an arrangement is generally treated as an outsourcing arrangement. Therefore, the Authorised FirmG would need to meet the GEN requirements relating to outsourcing.
Derived from DFSA RM149/2015 (Made 11th February 2015) [VER24/04-15]