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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
General Module (GEN) [VER40/08-17]
GEN 2 Financial Services
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal

Whole SectionText only Print Print Manager Link


  Versions
(1 version)
 
Aug 1 2017 onwards

GEN 2.5.3 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.

1. Where an Authorised FirmG is providing brokerage services pursuant to its Financial ServiceG of DealingG in InvestmentsG as AgentG , it may in the ordinary course of that business also be necessary to provide margin lending facilities to its ClientsG . In doing so the Authorised FirmG will not be considered to be Providing CreditG to its ClientG .
2. Where an Authorised FirmG is Effecting Contracts of InsuranceG or Carrying Out Contracts of InsuranceG , it may in the ordinary course of that Insurance BusinessG be necessary to provide an instalment contract to a ClientG with respect to the payment of an insurance premium. In doing so the Authorised FirmG will not be considered to be Providing CreditG to its Client.
[Added] DFSA RMI201/2017 (Made 14th June 2017). [VER40/08-17]