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GEN 2.7.4

(1) A Person who is not an Authorised Firm or an Authorised Market Institution does not Deal in Investments as Principal in relation to an Investment by entering into a transaction with or through an Authorised Firm or a Regulated Financial Institution.
(2) The exclusion in (1) does not apply if the Person holds itself out as:
(a) willing to enter into transactions in Investments of the kind to which the transaction relates; or
(b) engaging in the business of buying, selling, subscribing for or underwriting Investments.
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] DFSA RM211/2018 (Made 22nd February 2018). [VER41/04-18]