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C4-3.3.13

For the purposes of C4-3.3.11, the category 4 investment firm must assess the suitability of an eligible third party before allowing it to hold or control client money. This assessment must include, at a minimum, the information included below:

(a) The eligible third party’s credit rating, capital and financial resources;
(b) The regulatory and insolvency regimes of the jurisdiction in which the eligible third party is located;
(c) The eligible third party’s reputation;
(d) Its regulatory status and history; and
(e) The other members of the eligible third party’s group and their activities.
Added: January 2022