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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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  • Application

    • COB 6.3.1

      This section applies to an Authorised FirmG preparing or publishing Investment ResearchG .

      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]

      • COB 6.3.1 Guidance

        Investment ResearchG is seen as a significant potential source of conflicts of interest within an Authorised FirmG and therefore an Authorised FirmG preparing or publishing investment research is expected to have adequate procedures, systems and controls to manage effectively any conflicts that arise.

        Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]

    • COB 6.3.2

      An Authorised FirmG that prepares and publishes Investment ResearchG must have adequate procedures and controls to ensure:

      (a) the effective supervision and management of Investment AnalystsG ;
      (b) that the actual or potential conflicts of interest are proactively managed in accordance with COB section 3.5 ;
      (c) that the Investment ResearchG issued to ClientsG is impartial; and
      (d) that the Investment ResearchG contains the disclosures described under Rules COB 6.3.3 and COB 6.3.4.
      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]

      • COB 6.3.2 Guidance

        An Authorised Firm'sG procedures, controls and internal arrangements, which may include Chinese WallsG , should limit the extent of Investment AnalystsG participation in corporate finance business and sales and trading activities, and ensure remuneration structures do not affect their independence.

        Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]