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GEN 2.14.2

A Person (an 'introducer') does not carry on the activity of Arranging Custody specified in GEN Rule 2.14.1 merely by introducing another Person to a custodian who is an Authorised Firm or a Regulated Financial Institution authorised to provide custody. This exclusion does not apply if:

(a) the custodian is a member of the same Group as the introducer;
(b) the custodian is a part of the same legal entity as the introducer and, conducts custody services outside the DIFC; or
(c) the introducer is remunerated for making the introduction by any Person, including by an entity referred to in (a) or (b).
Derived from DFSA RM01/2004 (Made 16th September 2004). [VER1/09-04]
Amended in accordance with Notice of Amendments to Legislation April 2011 [VER27/02-11]
[Amended] DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]