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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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
Financial Markets Tribunal

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  • COB 3.6 Record Keeping

    • COB 3.6.1

      An Authorised FirmG must, for a minimum of six years, maintain sufficient records in relation to each activity and function of the Authorised FirmG . These must include, where applicable, the following:

      (a) any marketing material issued by, or on behalf of, the Authorised FirmG ;
      (b) any financial products or Financial ServicesG provided to a ClientG and each advice or recommendation made to a ClientG ,
      (c) a record of each Client AgreementG including any subsequent amendments to it as agreed with the ClientG ;
      (d) records relating to the suitability assessment undertaken by the Authorised FirmG to demonstrate compliance with COB Rule 3.4.2;
      (e) records to demonstrate compliance with the requirements relating to inducements under COB section 3.5, including any disclosure made to ClientsG under that section and if any goods and services are received by the Authorised FirmG under a Soft Dollar AgreementG , the details relating to those agreements; and
      (f) any other disclosures made to ClientsG .
      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]

    • COB 3.6.2

      For the purposes of COB Rule 3.6.1, the six year period commences:

      (a) in the case of the requirement in COB Rule 3.6.1(a), from the date on which the marketing material was last provided to a PersonG ;
      (b) in the case of the requirement in COB Rule 3.6.1(b) to (d), from the date the ClientG ceases to be a ClientG of the Authorised FirmG ; and
      (c) in the case of the requirement in COB Rule 3.6.1(e), from the date on which the relevant inducements were last received.
      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]