Entire Section

  • COB 14.3.4 COB 14.3.4

    An ATS Operator that appoints a Third Party Digital Wallet Service Provider to Provide Custody of Investment Tokens traded on its facility, must ensure that the person is either:

    (a) an Authorised Firm appropriately authorised to be a Digital Wallet Service Provider; or
    (b) an entity that is regulated by a Financial Services Regulator to an equivalent level of regulation to that provided for under the DFSA regime for Providing Digital Wallet Services.

     

    Derived from DFSA RMI311/2021 (Made 30th June 2021). [VER39/10-21]

    • COB 14.3.4 Guidance

      Where an ATS Operator appoints a non-DIFC firm regulated by a Financial Services Regulator, it must undertake sufficient due diligence to establish that the non-DIFC firm is subject to an equivalent level of regulation as under the DFSA regime in respect of that service.

       

      Derived from DFSA RMI311/2021 (Made 30th June 2021). [VER39/10-21]