GEN A1.1.3

Past version: effective from 01/02/2017 - 31/07/2017
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A sum is not a Deposit if it is received:

(a) by a lawyer acting in his professional capacity;
(b) by an accountant acting in his professional capacity;
(c) by an Authorised Firm or an Authorised Market Institution authorised under its Licence to carry on any one or more of the following Financial Services:
(i) Dealing in Investments as Principal;
(ii) Dealing in Investments as Agent;
(iii) Arranging Deals in Investments;
(iv) Managing Assets;
(v) Operating a Collective Investment Fund;
(vi) Effecting Contracts of Insurance;
(vii) Carrying Out Contracts of Insurance;
(viii) Operating an Exchange;
(ix) Operating a Clearing House;
(x) Insurance Intermediation;
(xi) Insurance Management;
(xii) Managing a Profit Sharing Investment Account;
(xiii) Providing Trust Services; or
(xiv) Arranging Credit and Advising on Credit.
in the course of or for the purpose of any such Financial Service disregarding any applicable exclusions in chapter 2; or
(d) by a Person as consideration for the issue by him of a Debenture.

Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]