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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Conduct of Business Module (COB) [VER33/07-19]
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  • Additional Information for Investment Management Activities

    • COB A2.1.4

      The additional information required under COB A2.1.1(b) where an Authorised FirmG acts as an Investment ManagerG is:

      (a) the initial value of the managed portfolio;
      (b) the initial composition of the managed portfolio;
      (c) the period of account for which periodic statements of the portfolio are to be provided in accordance with COB section 6.10; and
      (d) in the case of discretionary investment management activities:
      (i) the extent of the discretion to be exercised by the Authorised FirmG , including any restrictions on the value of any one InvestmentG or the proportion of the portfolio which any one InvestmentG or any particular kind of InvestmentG may constitute; or that there are no such restrictions;
      (ii) whether the Authorised FirmG may commit the ClientG to supplement the funds in the portfolio, and if it may include borrowing on his behalf:
      (A) the circumstances in which the Authorised FirmG may do so;
      (B) whether there are any limits on the extent to which the Authorised FirmG may do so and, if so, what those limits are;
      (C) any circumstances in which such limits may be exceeded; and
      (D) any margin lending arrangements and terms of those arrangements;
      (iii) that the Authorised FirmG may enter into TransactionsG for the ClientG , either generally or subject to specified limitation; and
      (iv) where the Authorised FirmG may commit the ClientG to any obligation to underwrite or sub-underwrite any issue or offer for sale of SecuritiesG :
      (A) whether there are any restrictions on the categories of SecuritiesG which may be underwritten and, if so, what these restrictions are; and
      (B) whether there are any financial limits on the extent of the underwriting and, if so, what these limits are.
      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]