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COB A5.6.2 Guidance

When assessing the suitability of a Third Party Agent, an Authorised Firm should have regard to:

a. its credit rating;
b. its capital and financial resources in relation to the amount of Client Money held;
c. the insolvency regime of the jurisdiction in which it is located;
d. its regulatory status and history;
e. its Group structure; and
f. its use of agents and service providers.
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]