Entire Section

  • COB 9.1 COB 9.1 Application and interpretation

    • COB 9.1.1 COB 9.1.1

      This chapter applies to an Authorised Firm which Operates an Alternative Trading System (ATS Operator).

      [Added] DFSA RM123/2013 (Made 13th June 2013) [VER22/07-13]

      • COB 9.1.1 Guidance

        1. The Financial Service of Operating an Alternative Trading System can be either operating a Multilateral Trading Facility (MTF) or operating an Organised Trading Facility (OTF). See GEN Rule 2.22.1.
        2. An ATS Operator that is Operating a Facility for Investment Tokens is, in addition to the requirements in this chapter, subject to the applicable requirements in chapter 14.
        [Added] DFSA RM123/2013 (Made 13th June 2013) [VER22/07-13]
        [Added] DFSA RMI311/2021 (Made 30th June 2021). [VER39/10-21]

    • COB 9.1.2 COB 9.1.2

      In this chapter:

      (a) a reference to a “member” is a reference to a Client of the ATS Operator who has been granted access to its facilities in accordance with the requirements in this chapter and, unless otherwise specified, includes a Direct Access Member;
      (b) a reference to a “facility” is a reference to a Multilateral Trading Facility (MTF) and an Organised Trading Facility (OTF), except where specific reference is made only to an MTF or OTF;
      (c) a reference to an “ATS Operator” is a reference to a Person operating an MTF and a Person operating an OTF, except where specific reference is made only to a Person operating an MTF or a Person operating an OTF; and
      (d) where a Rule in this chapter conflicts with any other provision in the DFSA Rulebook, the Rule in this chapter prevails over those other provisions.
      [Added] DFSA RM123/2013 (Made 13th June 2013) [VER22/07-13]
      [Added] DFSA RMI311/2021 (Made 30th June 2021). [VER39/10-21]

      • COB 9.1.2 Guidance

        Under COB Rule 9.3.1(1)(e), an ATS Operator that is Operating a Facility for Investment Tokens is permitted to admit certain additional Persons as members, where their access is only for trading or clearing of Investment Tokens. Such Persons are defined in GLO and referred to in this module as Direct Access Members.

         

        Derived from DFSA RMI311/2021 (Made 30th June 2021). [VER39/10-21]