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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
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Financial Markets Tribunal
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  • COB A5.10 Client Reporting

    • COB A5.10.1

      (1) In relation to a ClientG to whom the Client Money ProvisionsG are applicable, an Authorised FirmG must send a statement to a Retail ClientG at least monthly or in the case of a Professional Client, at other intervals as agreed in writing with the Professional ClientG .
      (2) The statement must include:
      (a) the Client'sG total Client MoneyG balances held by the Authorised FirmG reported in the currency in which the Client MoneyG is held, or the relevant exchange rate if not reported in the currency in which the MoneyG is held;
      (b) the amount, date and value of each credit and debit paid into and out of the account since the previous statement; and
      (c) any interest earned or charged on the Client AccountG since the previous statement.
      (3) The statement sent to the ClientG must be prepared within 25 days of the statement date.
      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]
      [Amended] DFSA RM66/2009 (Made 1st August 2009). [VER16/08-09]