GEN 2.8 GEN 2.8 Dealing in investments as agent
In GEN Rule 2.2.2
Dealing in Investments as Agentmeans buying, selling, subscribing for or underwriting any Investmentas agent.
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
Persondoes not Deal in Investments as Agentif the activity:(a) is carried on in the course of providing legal or accountancy services which do not otherwise consist of the carrying on of Financial Services;(b) may reasonably be regarded as a necessary part of any other services provided in the course of providing legal or accountancy services; and(c) is not remunerated separately from the other services.
Persondoes not Deal in Investments as Agentif that Person:(a) is merely receiving and transmitting a Clientorder in respect of an Investment; and(b) does not execute the Clientorder for and on behalf of the Clientor otherwise commit the Clientto the transaction relating to the relevant Investment.
Derived from Notice of Amendments to Legislation April 2011 [VER27/02-11]
Exchangedoes not Dealin Investmentsas Agentmerely by taking action in accordance with its Default Rules.Derived from DFSA RM166/2016 (Made 10th February 2016). [VER36/04-16]