COB 6.11.4

Client Assets are held or controlled by an Authorised Firm if they are:

(a) directly held by the Authorised Firm;
(b) held in an account in the name of the Authorised Firm;
(c) held by a Person, or in an account in the name of a Person, controlled by the Authorised Firm; or
(d) held in the Client's own name, but the Authorised Firm has a mandate from the Client to manage those assets on a discretionary basis.
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]
[Amended] DSFA RM185/2016 (Made 7th December 2016). [VER28/02-17]