Entire Section

  • GEN 9.3 GEN 9.3 Complaints recording procedures for Professional Clients

    • GEN 9.3.1

      An Authorised Firm must have adequate policies and procedures in place for the recording of Complaints made against it by Professional Clients.

      [Added] DFSA RM56/2008 (Made 1st July 2008). [VER19/07-08]

    • GEN 9.3.2 GEN 9.3.2

      An Authorised Firm must maintain a record of any Complaint made against it for a minimum period of six years from the date of receipt of the Complaint.

      [Added] DFSA RM56/2008 (Made 1st July 2008). [VER19/07-08]

      • GEN 9.3.2 Guidance

        Depending on the nature, scale and complexity of its business, it may be appropriate for an Authorised Firm to have in place a suitable Complaints handling procedure for Professional Clients in order to ensure that such Complaints are properly handled and remedial action is taken promptly. Such Complaints handling procedures would be expected to include provisions about the independence of staff investigating the Complaint and bringing the matter to the attention of senior management.

        [Added] DFSA RM56/2008 (Made 1st July 2008). [VER19/07-08]