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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Archive
Rulebook Modules
Conduct of Business Module (COB) [VER34/01-20]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices

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  • COB A6.4.2

    A Client Account in relation to Client Investments is an account which:

    (a) is held with a Third Party Agent or by an Authorised Firm which is authorised under its Licence to Provide Custody;
    (b) is established to hold Client Assets;
    (c) when held by a Third Party Agent, is maintained in the name of;
    (i) if a Domestic Firm, the Authorised Firm; or
    (ii) if not a Domestic Firm, a Nominee Company controlled by the Authorised Firm; and
    (d) includes the words 'Client Account' in its title.
    Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]
    [Amended] DFSA RM66/2009 (Made 1st August 2009). [VER16/08-09]