Article 30(a): Power of the Authority to Remove and Replace Custodian
As published by the Capital Market Authority and read from the source by the regulation watch; reproduced verbatim, with attribution and a link to the source.
a. The Authority shall have the power to remove the custodian which was appointed by the fund manager of an investment fund and take any other measures it deems necessary, as appropriate, in the event of:
1) The custodian ceasing to carry out custody activity without notification to the Authority under the Capital Market Institutions Regulations;
2) The cancellation or suspension by the Authority of the custodian’s relevant authorisation to carry out custody activity;
3) A request by the custodian to the Authority to cancel its authorisation to carry out custody activity;
4) The Authority believing that the custodian has failed, in a manner which the Authority considers material, to comply with the Capital Market Law or its Implementing Regulations; or
5) Any other event determined by the Authority – based on reasonable grounds– to be of sufficient significance.
Text read on · b257019f0020
History
Each time the regulation watch read the source and found these words changed, the earlier text was kept. Removed words are struck through, added words underlined.
No amendment has been seen since the platform first read these words on 2026-09-14.
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Source
The text is the Authority's, reproduced with attribution. The link opens the published document.
- Published at
- CMA — Investment Funds Regulations (English)Edition 11/2025
- Last read
- first read
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