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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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
Financial Markets Tribunal

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  • COB 6.15 Advising on or Arranging Direct Long-Term Insurance

    • COB 6.15.1

      If an Authorised FirmG advises on or arranges Direct Long-Term InsuranceG for a Retail ClientG , it must disclose to the ClientG :

      (a) the method of calculation of any bonuses;
      (b) an indication of surrender values and paid-up values, and the extent to which any such values are guaranteed;
      (c) for unit-linked insurance contracts, definition of the units to which they are linked, and a description of the underlying assets;
      (d) the basis of any projections included in the information; and
      (e) any facts that are material to the decision to invest, including any risks associated with the investment and factors that may adversely affect the performance of the investments.
      Derived from DSFA RM185/2016 (Made 7th December 2016). [VER28/02-17]

      • COB 6.15.1 Guidance

        An Authorised FirmG can only advise on Long-Term InsuranceG , or arrange Long-Term InsuranceG , if it has an authorisation for the Financial ServicesG in GEN Rule 2.9.1 or GEN Rule 2.11.1, as is relevant.

        Derived from DSFA RM185/2016 (Made 7th December 2016). [VER28/02-17]