Versions

 

COB 2.3.9 Guidance

Past version: effective from 01/04/2015 - 31/07/2016
To view other versions open the versions tab on the right

When an Authorised Firm carries on, or provides or obtains, Financial Services with or from another Authorised Firm or a Regulated Financial Institution, as those entities are 'deemed' Professional Clients under Rule 2.3.4(1), they could be classified as Market Counterparties, provided the procedures set out in Rule 2.3.9(2) are complied with. Examples of such services are:

a. providing reinsurance or insurance management services to an insurer; and
b. providing one or more Financial Services of custody, managing assets, or fund administration services to a Fund Manager of a Collective Investment Fund or a pension fund.
Derived from DFSA RM149/2015 (Made 11th February 2015) [VER24/04-15]