Home   Browse contents   View updates   Search  
     Quick search
Go
   

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

Rich text Print
  • AUD A2.1.1

    In producing a Client Money Auditor's Report, an Auditor must state as at the date on which the Authorised Firm's audited statement of financial position was prepared:

    (a) the amount of Client Money an Authorised Firm was holding and controlling in accordance with COB chapter 6 and with the Client Money Provisions; and
    (b) whether:
    (i) the Authorised Firm has maintained throughout the year systems and controls to enable it to comply with the relevant provisions of COB chapter 6 and, if applicable, COB App5;
    (ii) the Authorised Firm's controls are such as to ensure that Client Money is identifiable and secure at all times;
    (iii) any of the requirements in COB chapter 6 and the Client Money Provisions have not been met;
    (iv) if applicable, Client Money belonging to Segregated Clients has been segregated in accordance with the Client Money Provisions;
    (v) if applicable, the Authorised Firm was holding and controlling the appropriate amount of Client Money in accordance with COB chapter 6 and with the Client Money Provisions as at the date on which the Authorised Firm's audited statement of financial position was prepared;
    (vi) the Auditor has received all necessary information and explanations for the purposes of preparing the report to the DFSA; and
    (vii) if applicable, there have been any material discrepancies in the reconciliation of Client Money.
    Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]