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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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  • Record Keeping

    • COB 6.5.3

      An Authorised FirmG must make and retain, for a minimum of six years, a record of the steps it has taken in relation to each TransactionG under this section.

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

      • COB 6.5.3 Guidance

        1. A non-market price TransactionG is a TransactionG where the dealing rate or price paid by the Authorised FirmG or its ClientG differs from the prevailing market rate or price to a material extent or the Authorised FirmG or its ClientG gives materially more or less in value than it receives in return.
        2. In general, Authorised FirmsG should undertake transactions at the prevailing market price. Failure to do this may result in an Authorised FirmG participating, whether deliberately or unknowingly, in the concealment of a profit or loss, or in the perpetration of a fraud.
        Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]