INMA 5.5.15 Suitability of eligible third parties

When assessing the suitability of an eligible third party, an investment business firm must have regard to all the relevant circumstances including:

(a) the third party's credit rating, capital and financial resources;
(b) the regulatory and insolvency regimes of the jurisdiction in which the third party is located;
(c) the third party's reputation;
(d) its regulatory status and history; and
(e) the other members of its corporate group and their activities.

Note Eligible third party is defined in rule 5.2.4.

Derived from QFCRA RM/2014-4 (as from 1st January 2015).