Custodian of Securities
For your Shuraa activity review, use code 6719-20 to identify Custodian of Securities within DWTC Free Zone. Compare the supplied record with the work your company intends to undertake.
Activity code 6719-20
Listed activity name: Custodian of Securities
- Activity code
- 6719-20
- Jurisdiction
- DWTC Free Zone
- Licence type
- Professional
- Group code
- 6719
Activity description
Includes the financial institutions engaged in securities as regarding the provision of electronic programs and technical systems necessary for the custody of securities in accordance with the conditions and specifications set by the market and approved by the ASCA, it includes providing an internal control system to ensure the compliance with regulations and decisions issued and the follow-up by the internal management, it involves the receipt of interests and profits along with the right to subscribe and attend meetings of the General Assembly and vote on behalf shareholders after attaining their consents, arranging for the transfer of securities by the market on behalf of investors, operating lien or freezing at the request of the investors or his representative, lien on the securities based on court order in force unless there is another legal objection.
Additional requirements
Securities and Commodities Authority (SCA)
Authority reference: DWTC activities and licences. Confirm the latest scope and requirements with the authority.
Scope checks for your Shuraa consultation
- Write down the exact work your business will carry out and compare it with the supplied description above.
- Identify any parts of your operation that the description does not clearly address.
- Keep any approval notes with this activity code and ask which requirements apply before submitting an application.
Plan your next step with Shuraa
Bring this activity code to your Shuraa consultation to discuss the intended scope of work, jurisdiction choice and application requirements.
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