Vault manager registration requires financial capacity, secure infrastructure, competent staff, compliance systems, fitness, and investor protection.

Vault Manager registration requires satisfaction of prescribed net worth, secure vault and computer infrastructure, requisite legal approvals, competent personnel, and a Standard Operating Procedure for effective vaulting functions. Assessment may also consider other business activities, prior refusal or cancellation of registration, regulatory or enforcement proceedings, fit-and-proper criteria, and investor interests. An application cannot be considered unless the requirements under regulation 4 are met.

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