Entire Section

  • Eligible Custodian

    • CIR 8.2.4

      For the purposes of the Rules in this module, except as provided in CIR Rule 8.2.5, an Eligible Custodian is a Person who is a separate legal entity from the Fund Manager and who also meets one of the following criteria:

      (a) an Authorised Firm whose Licence authorises it to Provide Custody Services;
      (b) an Authorised Firm that is a Bank;
      (c) an Authorised Market Institution;
      (d) a legal entity that is authorised to provide custody services, and is supervised, by a Financial Services Regulator in the State;
      (e) a legal entity that is authorised to provide custody services, and is supervised, by a Financial Services Regulator in a Recognised Jurisdiction;
      (f) a legal entity where it, or its holding company, is authorised to provide custody services and is supervised by a Financial Services Regulator in another jurisdiction which is a Zone 1 country; or
      (g) a legal entity that is authorised or recognised by a Financial Services Regulator to operate as an exchange or a clearing house in a Recognised Jurisdiction;
      (h) a legal entity that is:
      (i) controlled and wholly owned by one or more of the national governments of the five member states of the Gulf Cooperation Council, other than the State; and
      (ii) authorised to provide custody services, and supervised, by a Financial Services Regulator of at least one of the national governments specified in (i).
      Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
      [Amended] RM158/2015 (Made 9th December 2015). [VER19/02-16]
      [Amended] RM235/2019 (Made 20th February 2019). [VER24/02-19]

    • CIR 8.2.5

      For a Public Fund (other than a Property Fund) that is a Passported Fund, the Eligible Custodian must be a Person who meets the requirements in FPR Rule 6.5.3.

      Derived from RM235/2019 (Made 20th February 2019). [VER24/02-19]