Entire Section

  • GEN 2.8 GEN 2.8 Dealing in investments as agent

    • GEN 2.8.1

      In GEN Rule 2.2.2 Dealing in Investments as Agent means buying, selling, subscribing for or underwriting any Investment as agent.


      Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]

    • Exclusions

      • GEN 2.8.2

        A Person does not Deal in Investments as Agent if 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.

        Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
        [Amended] DFSA RM166/2016 (Made 10th February 2016). [VER36/04-16]

      • GEN 2.8.3

        A Person does not Deal in Investments as Agent if that Person:

        (a) is merely receiving and transmitting a Client order in respect of an Investment; and
        (b) does not execute the Client order for and on behalf of the Client or otherwise commit the Client to the transaction relating to the relevant Investment.

      • GEN 2.8.4

        An Exchange does not Deal in Investments as Agent merely by taking action in accordance with its Default Rules.

        Derived from DFSA RM166/2016 (Made 10th February 2016). [VER36/04-16]