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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Authorised Market Institutions (AMI) [VER18/02-17]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
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Financial Markets Tribunal

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(1 version)
Jul 14 2013 onwards

AMI 5.10.1 Guidance

Whole Section PDF

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.

1. In determining whether an Authorised Market InstitutionG has satisfactory arrangements for safeguarding and administering assets, the DFSAG will consider:
a. the terms of the agreement under which safe custody arrangements are made and whether they adequately provide for the matters specified in Rule 5.10.2;
b. the level of protection provided to MembersG and other participants on its facilities against the risk of theft, fraud, defalcation or other types of loss through such arrangements; and
c. the degree of monitoring the Authorised Market InstitutionG would be undertaking relating to custodians, and if relevant, sub-custodians.
2. At the point of granting a LicenceG to an Authorised Market InstitutionG , the DFSAG assesses the adequacy of an applicant's safe custody arrangements. Any subsequent changes to the safe custody arrangements that have been in place at the time of granting the LicenceG , where they are material changes, would require the DFSA'sG prior approval in accordance with the requirements in Rule 4.3.2.
Derived from RM118/2013 [VER15/07-13]