# Delegated permissions

There are a number of roles that are played by appropriately regulated financial service providers on the Verified Network. These are&#x20;

* KYC Manager - authorized to do KYC/AMLA checks.
* Custodian - licensed custodians and payment institutions that can keep securities and customer deposits in custody, and initiate and settle payments.
* Depository participant - licensed registrar and transfer agents that can register securities, transfer them and settle payments against transfers.
* Asset manager - licensed managers that make and manage investments.

A user can be delegated any of these roles based on their KYC approved by an already existing manager in that country. A manager is set for every user on the Client contract.


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