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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Glossary Module (GLO) [VER44/07-19]
GLO 2 Glossary
[ M ] [Major Acquisition—Multilateral Trading Facility]
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Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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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) When an Authorised FirmG receives instructions from a ClientG and takes a principal position in the relevant InvestmentG in order to complete a transaction, that is, when the Authorised FirmG takes a principal position in the relevant InvestmentG which it would not other wise take, except to complete that transaction, the difference, if any, between:
(a) the price at which the Authorised FirmG takes a principal position in the relevant InvestmentG ;and
(b) the price at which the Authorised FirmG ExecutesG the transaction with its ClientG ; or
(2) When an Authorised FirmG ExecutesG a transaction with its ClientG against its own book and owes a duty of best execution, the difference between:
(a) the price at which best execution would be achieved; and
(b) the price at which the Authorised FirmG ExecutesG the transaction with its ClientG .
Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] RM162/2015 (Made 9th December 2015). [VER34/02-16]