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Discretionary Portfolio Management Agreement

An agreement under which an Authorised Firm agrees with a Client to manage an investment portfolio for that particular Client in accordance with pre-agreed investment parameters in that agreement and where:

(a) the Client's approval of any specific Transaction is not required before undertaking the Transaction; and
(b) the assets of the Client are discretely held for that Client and no pooling of those assets occurs with the assets of any other Person, except purely for transactional purposes.
[Added] DFSA RM56/2008 (Made 1st July 2008). [VER17/07-08]