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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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  • Fair Treatment

    • COB 3.5.1

      (1) An Authorised FirmG must take reasonable steps to ensure that conflicts and potential conflicts of interest between itself and its ClientsG and between one ClientG and another are identified and then prevented or managed in such a way that the interests of a ClientG are not adversely affected and to ensure that all its ClientsG are fairly treated and not prejudiced by any such conflicts of interest.
      (2) Where an Authorised FirmG is aware of a conflict or potential conflict of interest, it must prevent or manage that conflict of interest by using one or more of the following arrangements as appropriate:
      (a) establishing and maintaining effective Chinese WallsG to restrict the communication of the relevant information;
      (b) disclosing the conflict of interest to the ClientG in writing either generally or in relation to a specific TransactionG ; or
      (c) relying on a written policy of independence, which requires an EmployeeG to disregard any conflict of interest when advising a ClientG or exercising a discretion.
      (3) If an Authorised FirmG is unable to prevent or manage a conflict or potential conflict of interest as provided in (2), it must decline to act for that ClientG .
      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]