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  • PRU-EPRS 1.30 PRU-EPRS 1.30 Instructional Guidelines — Form B180 — Wealth Management Activity

    Purpose

    Form B180This form is designed to capture the data regarding wealth management activity of Authorised Firms, including both the business arising out of accounts booked in the DIFC and accounts booked elsewhere.

    Applicability

    This form is applicable to Authorised Firms licensed to undertake Managing Assets, managing a PSIA (restricted), Advising on Financial Products or Credit or Arrange Transactions in Investments or Credit. Authorised Firms operating as a Branch in the DIFC.

    Content

    The form is intended to capture information pertaining to the number of Clients, net new assets during the reporting period and the total assets under management of the Authorised Firm. The form captures the composition of these data for both accounts booked in the DIFC and for accounts booked elsewhere. The form seeks classification of the data across discretionary and non-discretionary investment accounts as well as across domicile of the Clients. The form also seeks to collect information on the booking destination of the accounts (for any accounts that are not booked in the DIFC).

    Authorised firms are required to report all data on assets under management in USD equivalent, including the assets denominated in other currencies. Authorised Firms are required to report all accounts of their Clients, including accounts booked other than in the DIFC for which the firm provides only investment advisory or arranging services

    Authorised Firms involved in managing PSIA accounts for its customers are required to include the data on such PSIA accounts as part of the data on discretionary accounts — item B180_1010.

    Structure of the form in EPRS

    B180 consisting of three sections. The first section seeks the composition of data between discretionary and non-discretionary accounts, while the second section seeks classification of the data across broad geographical segments of the Client base. The third section seeks the data on accounts booked other than in the DIFC, to be classified across the different booking centres where such accounts are booked.

    The first three columns pertain to accounts booked in the DIFC and seek data on number of accounts, net new assets added during the reporting period and the total assets under management on the reporting date. The next three columns seek the same data on accounts booked in centres other than in the DIFC.

    Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]
    [Amended] [VER2/04-13]

    • PRU-EPRS 1.30 Instructional Guidelines

      1. All figures relating to income statement items, other expense accounts, volumes, activity levels, number of accounts or units sold / traded and any other data relating to amounts invested / deposited except outstanding balances in any of the quarterly returns should correspond to the current reporting period (quarter) and not cumulative or year-to-date amounts.
      2. Second section on domicile of Clients: The classification in this section is intended to be mutually exclusive. For example, information on accounts of Clients domiciled in the GCC & MENA, B180_2030 should not include the accounts of customers domiciled in the UAE or in the DIFC, because they are reported in the previous two items. Similarly, data reported in B180_2020 should not include the accounts reported in B180_2010. Otherwise, the data being sought in all the three sections of this form are self-explanatory given the description provided in the title column.
      Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]
      [Amended] [VER2/04-13]