PRU-EPRS 1.30 Instructional Guidelines — Form B180 — Wealth Management Activity

Past version: effective from 16/12/2007 - 13/04/2013
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Purpose

Form B180 — Wealth Management is designed to capture the data regarding wealth management of the Authorised Firms, including both the business arising out of accounts booked in the DIFC and accounts booked elsewhere.

Applicability

This form is applicable to Authorised Firms licensed to deal in investments as an agent or advise on financial products or credit or arrange transactions in investments or credit. These include Authorised Firms operating as branches in the DIFC.

Content

The form is intended to capture information pertaining to the number of customers, net new assets during the reporting period and the total assets under management of the Authorised Firm. The form captures the composition of these data for both accounts booked in the DIFC and for accounts booked elsewhere. The form seeks classification of the data across discretionary and non-discretionary investment accounts as well as across domicile of the clients. The form also seeks to collect information on the booking destination of the accounts, which are not booked in the DIFC.

Authorised firms are required to report all data on assets under management in USD terms, including the assets denominated in other currencies. Authorised Firms are required to report all accounts of their clients, including accounts booked other than in the DIFC for which the firm provides only investment advisory or arranging services

Authorised Firms involved in managing PSIA accounts for its customers are required to include the data on such PSIA accounts as part of the data on discretionary accounts — item B180_1010.

Structure of the form in EPRS

B180 is a single form which has three sections. The first section seeks the composition of data between discretionary and non-discretionary accounts, while the second section seeks classification of the data across broad geographical segments of the client base. The third section seeks the data on accounts booked other than in the DIFC, to be classified across the different booking centres where such accounts are normally booked.

The first three columns pertain to accounts booked in the DIFC and seek data on number of accounts, net new assets added during the reporting period and the total assets under management on the reporting date. The next three columns seek the same data on accounts booked in centres other than in the DIFC.

Derived from GM5/2007 (Made 16th December 2007). [VER1/12-07]