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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Conduct of Business Module (COB) [VER32/02-19]
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  • COB App 4 Periodic Statements

    • COB A4.1 Content of Periodic Statements: Investment Management

      • General Information

        • COB A4.1.1

          Pursuant to COB section 6.10, a periodic statement, as at the end of the period covered, must contain the following general information:

          (a) the number, description and value of each InvestmentG ;
          (b) the amount of cash held;
          (c) the total value of the portfolio; and
          (d) a statement of the basis on which the value of each InvestmentG has been calculated.
          Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]

      • Additional Information: Discretionary Investment Management Activities

        • COB A4.1.2

          In addition to COB Rule A4.1.1, where an Authorised FirmG acts as an Investment ManagerG on a discretionary basis, the periodic statement must also include the following additional information:

          (a) a statement of which InvestmentsG , if any, were at the closing date loaned to any third party and which InvestmentsG , if any, were at that date charged to secure borrowings made on behalf of the portfolio;
          (b) the aggregate of any interest payments made and income received during the account period in respect of loans or borrowings made during that period;
          (c) details of each TransactionG which have been entered into for the portfolio during the period;
          (d) the aggregate of MoneyG and details of all InvestmentsG transferred into and out of the portfolio during the period;
          (e) the aggregate of any interest payments, including the dates of their application and dividends or other benefits received by the Authorised FirmG for the portfolio during that period;
          (f) a statement of the aggregate ChargesG of the Authorised FirmG and its AssociatesG ; and
          (g) a statement of the amount of any RemunerationG received by the Authorised FirmG or its AssociatesG or both from a third party.
          Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]

      • Additional Information: Contingent Liability Investments

        • COB A4.1.3

          In addition to Rules COB A4.1.1 and COB A4.1.1.2, in the case where Contingent Liability InvestmentsG are involved, an Authorised FirmG must include the following additional information:

          (a) the aggregate of MoneyG transferred into and out of the portfolio during the valuation period;
          (b) in relation to each open position in the account at the end of the account period, the unrealised profit or loss to the ClientG (before deducting or adding any CommissionG which would be payable on closing out);
          (c) in relation to each Transaction ExecutedG during the account period to close out a Client'sG position, the resulting profit or loss to the ClientG after deducting or adding any CommissionG ;
          (d) the aggregate of each of the following in, or relating to, the Client'sG portfolio at the close of business on the valuation date:
          (i) cash;
          (ii) CollateralG value;
          (iii) management fees; and
          (iv) commissions; and
          (e) Option account valuations in respect of each open OptionG contained in the account on the valuation date stating:
          (i) the ShareG , FutureG , index or other InvestmentG involved;
          (ii) the trade price and date for the opening TransactionG , unless the valuation statement follows the statement for the period in which the OptionG was opened;
          (iii) the market price of the contract; and
          (iv) the exercise price of the contract.
          Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]