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COB 6.16.2

In this section:

(a) “contract for differences (CFD)” means an instrument that falls within paragraph (b)(ii) of the definition of a Future in GEN Rule A2.3.1, other than a rolling spot forex contract;
(b) “Deal in a Restricted Speculative Investment” means Deal in Investments as Principal in relation to a Restricted Speculative Investment;
(c) “Margin” means the pre-agreed amount a Retail Client is required to pay in the form of money to open a position in relation to a Restricted Speculative Investment;
(d) “over-the-counter Derivative” means an instrument that is not formed or traded on an Exchange or a Regulated Exchange;
(e) “Restricted Speculative Investment” means an over-the-counter Derivative which is:
(i) a leveraged contract for differences;
(ii) a leveraged rolling spot forex contract;
(iii) an Option over a contract referred to in (i) or (ii); or
(iv) any other leveraged Investment similar in nature to an instrument referred to in (i), (ii) or (iii); and
(f) “rolling spot forex contract” means an instrument that falls within paragraph (b)(ii) of the definition of a Future in GEN Rule A2.3.1 where the value of the contract is ultimately determined by reference, wholly or in part, to fluctuations in an exchange rate or the value of a currency.
Derived from DFSA RMI299/2021 (Made 21st April 2021). [VER38/09-21]