Αποτελέσματα Αναζήτησης
under CASS 6.3(Depositing assets and arranging for assets to be deposited with third parties); (3) any other third party, if the firm is not a trustee firm but is prevented
Assets Under Custody (“AUC”): We define AUC as the sum of the fair value of all equities, options, cryptocurrency and cash held by users in their accounts, net of receivables from users, as of a stated date or period end on a trade date basis.
Subject to CASS 6.2.3A-1R, a firm must effect appropriate registration or recording of legal title to a safe custody asset belonging to a client in the name of: the firm has notified the client if a professional client, or obtained prior written consent if a retail client.
ents or custody assets. A safe custody investment is, in summary, a designated investment which a firm receives or hold. on behalf of a client. Custody assets include designated investments, and any other assets that the firm holds or may hold . ....................... Business. ....................... Termination of title transfer.
The custody rules contained in chapter 6 of the Financial Conduct Authority's (FCA) Client Assets sourcebook (CASS) provide details on what a firm must do when it carries on the regulated activity of safeguarding and administering investments.
13 Μαρ 2023 · You must follow rules set out in the Client Assets Sourcebook (CASS) whenever you hold or control client money or safe custody assets as part of your business. This is to keep client money and assets safe if firms fail and exit the market.
This note outlines the FCA's requirements relating to the safe custody of financial instruments and other designated investments and assets. It focuses on the key rules and guidance in chapter 6 of the Client Assets sourcebook (CASS 6).
