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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

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  • COB 6.9 Confirmation Notes

    • Application

      • COB 6.9.1

        The Rules in this section do not apply to an Authorised FirmG with respect to any TransactionG which it:

        (a) undertakes with a Market CounterpartyG ; or
        (b) carries out for the purposes of managing a FundG of which it is the Fund ManagerG .
        Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]
        [Amended] DFSA RM72/2010 (Made 11th July 2010) [VER19/07-10]

    • Sending Confirmation Notes

      • COB 6.9.2

        (1) When an Authorised Firm Executes a TransactionG in an InvestmentG for a ClientG , it must ensure a confirmation note is sent to the ClientG as soon as possible and in any case no later than 2 business days following the date of ExecutionG of the TransactionG .
        (2) Where an Authorised FirmG has executed a TransactionG or series of TransactionsG in accordance with COB Rule 6.8.5, the Authorised FirmG must send a confirmation note relating to those TransactionsG as soon as possible, but no later than 2 business days following the last TransactionG .
        (3) The confirmation note must include the details of the TransactionG in accordance with App3 COB section A3.1.
        (4) An Authorised FirmG is not required to issue a confirmation note where a Professional ClientG has advised in writing that he does not wish to receive such confirmation notes.
        Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]

    • Record Keeping

      • COB 6.9.3

        An Authorised FirmG must retain a copy of each confirmation note sent to a ClientG and retain it for a minimum of six years from the date of despatch.

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