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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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  • REP 4.3.1

    (1) A Representative OfficeG must not hold or control money or other property belonging to another PersonG except to the extent that this is necessary to deal with its ordinary business operating expenses and the money or property belongs to a related party.
    (2) In (1), a "related party" has the same meaning as in Gen Rule 2.26.1(3).
    Derived from DFSA RM68/2009 (Made January 3rd 2010). [VER1/01-10]
    [Amended] DFSA RM186/2016 (Made 7th December 2016). [VER9/02-17]

    • REP 4.3.1 Guidance

      While a Representative OfficeG is prohibited from holding money or other assets belonging to its customers, it is not prevented from being able to hold 'money or other property' belonging to a 'related party' (i.e. its head office, another branch of the head office or a GroupG member) to deal with its ordinary expenses.

      Derived from DFSA RM186/2016 (Made 7th December 2016). [VER9/02-17]