(1) Before an
Authorised Firm arranges custody with a non-DIFC custodian authorised and supervised by a Financial Services Regulator, it must undertake an assessment of that custodian and have concluded, on reasonable grounds, that it is suitable to hold the Safe Custody Investments.
(2) When assessing the suitability of a non-DIFC custodian, the
Authorised Firm must ensure that the non-DIFC custodian will provide protections equivalent to the protections conferred in this appendix.
Derived from DSFA RM185/2016 (Made 7th December 2016). [VER28/02-17]