Home   Browse contents   View updates   Search  
     Quick search
Go
   

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Recognised Jurisdictions and Funds
Declaration Notices
Financial Markets Tribunal
Archive
Rulebook Modules
Conduct of Business Module (COB) [VER34/01-20]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices

BackText onlyPrint

You need the Flash plugin.

Download Macromedia Flash Player



  • Averaging of Prices

    • COB 6.8.5

      (1) An Authorised FirmG may execute a series of TransactionsG on behalf of a ClientG within the same trading day or within such other period as may be agreed in writing by the ClientG , to achieve one investment decision or objective, or to meet TransactionsG which it has aggregated.
      (2) If the Authorised FirmG does so, it may determine a uniform price for the TransactionsG executed during the period, calculated as the weighted average of the various prices of the TransactionsG in the series.
      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]