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Dubai Financial Services Authority (DFSA): Contents

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Jul 14 2013 onwards

AMI 5.10.2

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The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

An Authorised Market InstitutionG must ensure that the safe custody arrangements, at a minimum, provide for:

(a) the segregation of assets belonging to every MemberG and other participant on its facilities from the assets belonging to the Authorised Market InstitutionG and the other MembersG and participants on its facilities;
(b) the prompt access by the Authorised Market InstitutionG to the assets held under the safe custody arrangements;
(c) the use or transfer of asset belonging to the MembersG and other participants on its facilities to be made only in accordance with the instructions of the relevant owners of those assets or in accordance with the terms of the agreement referred to in Rule 5.10.1(b) and any applicable legislation;
(d) the reconciliation at appropriate intervals and frequency between the assets and accounts held under the safe custody arrangements; and
(e) accurate records relating to the assets held under the safe custody arrangements to be kept, including:
(i) the identity of the legal and beneficial owners of the relevant assets, and where appropriate, any PersonsG who have charges over, or other interests in, those assets;
(ii) records of any additions, reductions and transfers in each individual account of assets; and
(iii) the identity of the assets owned by (or where appropriate on behalf of) different PersonsG , including, where appropriate, the assets owned by MembersG and other participants on its facilities.
Derived from RM118/2013 [VER15/07-13]