Home   Browse contents   View updates   Search  
     Quick search
Go
   

Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Conduct of Business Module (COB) [VER33/07-19]
COB App 3 Confirmation of Transactions
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

BackText onlyPrint

You need the Flash plugin.

Download Macromedia Flash Player



  • COB App 3 Confirmation of Transactions

    • COB A3.1 Content of Confirmation Notes

      • General Information

        • COB A3.1.1

          (1) For the purposes of COB Rule 6.9.2, an Authorised FirmG must include the following general information:
          (a) the Authorised Firm'sG name and address;
          (b) whether the Authorised Firm ExecutedG the TransactionG as principal or agent;
          (c) the Client'sG name, account number or other identifier;
          (d) a description of the InvestmentG or FundG , including the amount invested or number of units involved;
          (e) whether the TransactionG is a sale or purchase;
          (f) the price or unit price at which the TransactionG was ExecutedG ;
          (g) if applicable, a statement that the TransactionG was ExecutedG on an Execution-Only basis;
          (h) the date and time of the TransactionG ;
          (i) the total amount payable and the date on which it is due;
          (j) the amount of the Authorised FirmsG charges in connection with the TransactionG , including CommissionG charges and the amount of any Mark-up or Mark-down, FeesG , taxes or duties;
          (k) the amount or basis of any charges shared with another PersonG or statement that this will be made available on request; and
          (l) for Collective Investment FundsG , at statement that the price at which the TransactionG has been ExecutedG is on a Historic PriceG or Forward PriceG basis, as the case may be.
          (2) An Authorised FirmG may combine items (f) and (j) in respect of a TransactionG where the ClientG has requested a note showing a single price combining both of these items.
          Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]

      • Additional Information: Derivatives

        • COB A3.1.2

          For the purposes of COB Rule 6.9.2, and in relation to TransactionsG in DerivativesG , an Authorised FirmG must include the following additional information:

          (a) the maturity, delivery or expiry date of the DerivativeG ;
          (b) in the case of an OptionG , the date of exercise or a reference to the last exercise date;
          (c) whether the exercise creates a sale or purchase in the underlying asset;
          (d) the strike price of the OptionG ; and
          (e) if the TransactionG closes out an open FuturesG position, all essential details required in respect of each contract comprised in the open position and each contract by which it was closed out and the profit or loss to the ClientG arising out of closing out that position (a difference account).
          Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]