INMA 6.1.1 Application of Chapter 6
(1) Subject to subrules (2) and (3), this Chapter applies to an INMA firm that has an authorisation for providing custody services or arranging the provision of custody services.
(2) This Chapter does not apply to the holding, by an INMA firm, of relevant investments under an arrangement described in Chapter 7 (Use of customers' investments as collateral).
(3) This Chapter does not apply to an INMA firm when it safeguards and administers a relevant investment for another firm in the same corporate group, unless the other firm has notified the INMA firm, in writing, that the other firm holds the investment for an entity that is not part of the group.
Note For audit and reporting requirements in relation to custody services — see GENE, rules 9.5.1 and 9.5.3.
|Derived from QFCRA RM/2014-4 (as from 1st January 2015).|