Entire Section

  • General

    • COB 3.2.1

      When communicating information to a Person in relation to a financial product or financial service, an Authorised Firm must take reasonable steps to ensure that the communication is clear, fair and not misleading.

      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]

    • COB 3.2.2

      An Authorised Firm must not, in any form of communication with a Person, including an agreement, attempt to limit or avoid any duty or liability it may have to that Person or any other Person under legislation administered by the DFSA.

      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]
      [Amended] DFSA RM154/2015 (Made 9th December 2015) [VER25/02-16]

    • COB 3.2.3

      Where a Rule in COB requires information to be sent to a Client, the Authorised Firm must provide that information directly to the Client and not to another Person, unless it is on the written instructions of the Client.

      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]

    • Guidance

      In Rule 3.2.2, a communication would include a financial promotion, a client agreement, terms of business, financial product terms and conditions, a mandate, power of attorney entered into for the purposes of a financial service or product and any other communication which relates in whole or in part to the provision of a financial service or product.

      Derived from DFSA RM154/2015 (Made 9th December 2015) [VER25/02-16]