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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
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
Notices
Financial Markets Tribunal
Archive

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  • COB A5.8.2

    Subject to COB Rule A5.8.3, a Segregated Client's Client Money must remain in a Client Account until it is:

    (a) due and payable to the Authorised Firm;
    (b) paid to the Client on whose behalf the Client Money is held;
    (c) paid in accordance with a Client instruction on whose behalf the Client Money is held;
    (d) required to meet the payment obligations of the Client on whose behalf the Client Money is held; or
    (e) paid out in circumstances that are otherwise authorised by the DFSA.
    Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]