Entire Section

  • COB 9.4.1 COB 9.4.1

    An ATS Operator must ensure in respect of every Investment traded on its facility that:

    (a) only Investments which meet the requirements in (i), (ii) or (iii) are traded on its facility:
    (i) in the case of Securities, the Securities are admitted to trading on an Authorised Market Institution or other Regulated Exchange;
    (ii) in the case of Security Tokens that do not meet the criteria in (i):
    (A) there is a current Approved Prospectus relating to the Security Tokens;
    (B) the ATS Operator has taken adequate steps before admitting the Security Tokens to trading, to satisfy itself that both the Security Tokens and the relevant Reporting Entity meet the general eligibility requirements in MKT section 9.3; and
    (C) the ATS Operator has adequate systems and controls in place to effectively monitor and enforce a Reporting Entity’s compliance with the requirements in MKT Chapter 9B; or
    (iii) in the case of Derivatives, the instruments meet the contract specification criteria set out in AMI Rule 6.3.2;
    (b) there is sufficient information relating to the Investments traded on the facility available to members and other Persons having access to the facility through such members to enable such Persons to make informed decisions relating to such Investments; and
    (c) if it is an Investment that references to an underlying benchmark or index provided by a Price Information Provider, the requirements in COB Rule 9.4.2 are met.
    [Added] DFSA RM123/2013 (Made 13th June 2013) [VER22/07-13]
    [Amended] DFSA RMI311/2021 (Made 30th June 2021). [VER39/10-21]

    • COB 9.4.1 Guidance

      1. A Reporting Entity of Security Tokens that are admitted to trading by an ATS Operator under COB Rule 9.4.1(a)(ii) will be subject to the requirements imposed on Reporting Entities in MKT. An ATS Operator should therefore assess whether a prospective Reporting Entity is capable of meeting those requirements before admitting its Security Tokens to trading.


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