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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
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • COB A5.3.5

    Where an Authorised FirmG is aware that a PersonG may make a payment of Client MoneyG to the Authorised FirmG , it must take reasonable steps:

    (a) to ensure that such payment of Client MoneyG is directed to a Client AccountG ; and
    (b) to ensure that the Authorised FirmG is notified by that PersonG of such payment as soon as reasonably practicable.
    Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]

    • COB A5.3.5 Guidance

      An Authorised FirmG should have procedures for identifying Client MoneyG received by the Authorised FirmG , and for promptly recording the receipt of the MoneyG either in the books of account or a register for later posting to the ClientG cash book and ledger accounts. The procedures should cover Client MoneyG received by the Authorised FirmG through the mail, electronically or via agents of the Authorised FirmG or through any other means.

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