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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
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DFSA Codes of Practice
Amendments to Legislation
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Financial Markets Tribunal
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  • 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]