International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2025 Chapter IV SPECIFIC OBLIGATIONS AND RESPONSIBILITIES
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Custodian segregation and governance: duties to monitor controls, contract with clients, and protect custody records and assets. Custodians must separate custody activities from other operations, maintain mechanisms to review, monitor and evaluate controls, and enter into client agreements detailing custody circumstances. They must implement internal controls to prevent manipulation of records and protect records from theft and natural hazards to preserve client assets and information.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Custodian segregation and governance: duties to monitor controls, contract with clients, and protect custody records and assets.
Custodians must separate custody activities from other operations, maintain mechanisms to review, monitor and evaluate controls, and enter into client agreements detailing custody circumstances. They must implement internal controls to prevent manipulation of records and protect records from theft and natural hazards to preserve client assets and information.
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