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]