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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Authorised Market Institutions (AMI) [VER18/02-17]
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(1 version)
Jul 14 2013 onwards

AMI 5.10.2 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.

In assessing whether an Authorised Market InstitutionG 's safe custody arrangements meet the requirements in Rule 5.10.2, the DFSAG would particularly look at:

a. the frequency with which statements of the holdings are provided to the MembersG and other participants on its facilities whose assets are held under the safe custody arrangements;
b. the records of the assets held and the identity of the beneficial and legal owners and any other persons with rights over such assets, and whether the Authorised Market InstitutionG maintains a register of charges over Investments traded or cleared on its facility;
c. the records of any instructions given in relation to those assets;
d. the records of the carrying out of those instructions;
e. the records of any movements in those assets (or any corporate actions or other events in relation to those assets); and
f. how the Authorised Market InstitutionG reconciles its records of assets held with the records of any custodian or sub-custodian used to hold those assets, and with the record of beneficial or legal ownership of those assets.
Derived from RM118/2013 [VER15/07-13]