Entire Section

  • Additional Information for Investment Management Activities

    • COB A2.1.4

      The additional information required under COB A2.1.1(b) where an Authorised Firm acts as an Investment Manager is:

      (a) the initial value of the managed portfolio;
      (b) the initial composition of the managed portfolio;
      (c) the period of account for which periodic statements of the portfolio are to be provided in accordance with COB section 6.10; and
      (d) in the case of discretionary investment management activities:
      (i) the extent of the discretion to be exercised by the Authorised Firm, including any restrictions on the value of any one Investment or the proportion of the portfolio which any one Investment or any particular kind of Investment may constitute; or that there are no such restrictions;
      (ii) whether the Authorised Firm may commit the Client to supplement the funds in the portfolio, and if it may include borrowing on his behalf:
      (A) the circumstances in which the Authorised Firm may do so;
      (B) whether there are any limits on the extent to which the Authorised Firm may do so and, if so, what those limits are;
      (C) any circumstances in which such limits may be exceeded; and
      (D) any margin lending arrangements and terms of those arrangements;
      (iii) that the Authorised Firm may enter into Transactions for the Client, either generally or subject to specified limitation; and
      (iv) where the Authorised Firm may commit the Client to any obligation to underwrite or sub-underwrite any issue or offer for sale of Securities:
      (A) whether there are any restrictions on the categories of Securities which may be underwritten and, if so, what these restrictions are; and
      (B) whether there are any financial limits on the extent of the underwriting and, if so, what these limits are.
      Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]