7A.10 Sustainability of Custodian

The Member which maintains its client’s assets in a custody account under Rule 7A.9 shall —

a. before opening the custody account, conduct due diligence as to the custodian’s suitability for the Member’s client or class of clients; and

b. maintain records of the grounds on which it has satisfied itself of the suitability of the custodian.

part of eex group 2018 © Cleartrade Exchange Pte Ltd. All rights reserved.