COBS 15.5.3

When assessing the suitability of a Third-Party Agent, an Authorised Person must have regard to:

(a) its credit rating;
(b) its capital and financial resources in relation to the amount of Safe Custody Investments held;
(c) the insolvency regime of the jurisdiction in which it is located;
(d) its arrangements for holding the Investments;
(e) its regulatory status, expertise, reputation and history;
(f) its Group structure;
(g) its use of agents and service providers; and
(h) any other activities of the agent.