COB 4.3.1

(1) An Authorised Firm may, subject to (2), Provide Credit to a:
(a) Professional Client or Market Counterparty; and
(b) Retail Client, but only where:
(i) the Retail Client is an Undertaking; and
(ii) the Credit Facility is provided to the Retail Client for a business purpose.
(2) An Authorised Firm, in the course of Providing Credit, must not:
(a) Provide Credit in the U.A.E. Dirham; or
(b) undertake currency or foreign exchange transactions involving the U.A.E. Dirham.
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]
[Added] DFSA RMI267/2020 (Made 26th February 2020). [VER36/04-20]