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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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  • AUD A2.1.1

    In producing a Client Money Auditor's ReportG , an AuditorG must state as at the date on which the Authorised Firm'sG audited statement of financial position was prepared:

    (a) the amount of Client MoneyG an Authorised FirmG was holding and controlling in accordance with COB chapter 6 and with the Client Money ProvisionsG ; and
    (b) whether:
    (i) the Authorised FirmG has maintained throughout the year systems and controls to enable it to comply with the relevant provisions of COB chapter 6 and, if applicable, COB App5;
    (ii) the Authorised Firm'sG controls are such as to ensure that Client MoneyG is identifiable and secure at all times;
    (iii) any of the requirements in COB chapter 6 and the Client Money ProvisionsG have not been met;
    (iv) if applicable, Client MoneyG belonging to Segregated ClientsG has been segregated in accordance with the Client Money ProvisionsG ;
    (v) if applicable, the Authorised FirmG was holding and controlling the appropriate amount of Client MoneyG in accordance with COB chapter 6 and with the Client Money ProvisionsG as at the date on which the Authorised Firm'sG audited statement of financial position was prepared;
    (vi) the AuditorG has received all necessary information and explanations for the purposes of preparing the report to the DFSAG ; and
    (vii) if applicable, there have been any material discrepancies in the reconciliation of Client MoneyG .
    Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]

    • AUD A2.1.1 Guidance

      Where an Authorised FirmG does not hold or control any Client MoneyG as at the date on which the Authorised Firm'sG audited statement of financial position was prepared, the DFSAG expects that a nil balance be stated to comply with Rule A2.1.1 (a) in this Appendix.

      Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]