COB 4.3 COB 4.3 Providing Credit
COB 4.3.1(1) An
Authorised Firmmay, subject to (2), Provide Creditto a:(a) Professional Client or Market Counterparty; and(b) Retail Client, but only where:(i) the Retail Clientis an Undertaking; and(ii) the Credit Facilityis provided to the Retail Clientfor a business purpose.(2) An Authorised Firm, in the course of Providing Credit, must not:(a) Provide Creditin the U.A.E. Dirham; or(b) undertake currency or foreign exchange transactions involving the U.A.E. Dirham.