COB A6.5.2 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 Safe Custody Investments held;
c. the insolvency regime of the jurisdiction in which it is located;
d. its arrangements for holding the Investments;
e. its regulatory status, expertise, reputation and history;
f. its Group structure;
g. its use of agents and service providers; and
h. any other activities of the agent.
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]