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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
(2 versions)
 
Aug 1 2017 - Jun 30 2019Jul 1 2019 onwards

COB A2.1.6



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.

The following terms must be included in a Client AgreementG between a Crowdfunding OperatorG and a ClientG that is a borrower, IssuerG or seller:

(a) a restriction on the borrower, IssuerG , or seller using any other crowdfunding service to raise funds during the commitment period;
(b) a restriction on the borrower, IssuerG , or seller any PersonG that is ConnectedG to the borrower, IssuerG , or seller lending or financing, or arranging lending or finance for a lender or an investor using the service;
(c) a restriction on the borrower, IssuerG , or seller advertising its proposal, or soliciting potential lenders or investors, outside the platform during the commitment period;
(d) a requirement on the borrower or IssuerG to give reasonable advance notice to the operator of any material change affecting the borrower or IssuerG , its business or the carrying out of its proposal;
(e) the obligations of the borrower or IssuerG if there is any material change after funds have been provided; and
(f) an obligation on the borrower or IssuerG to produce financial statements at least annually.
[Added] DFSA RMI202/2017 (Made 14th June 2017). [VER29/08-17]
[Amended] DFSA RMI254/2019 (Made 26th June 2019). [VER33/07-19]