6.1.4 - CASS Provision: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) (Created page with "{{subst:cassp|6.1.4}}") |
Amwelladmin (talk | contribs) m (Text replace - "stock lending" to "securities lending") |
||
| (3 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
{{casssnap|6.1.4}} | {{casssnap|6.1.4}} | ||
====Discussion==== | ====Discussion==== | ||
Note Recital 26 of {{tag|MiFID}}: | |||
{{Box|''In order to protect an {{cassprov|investor}}'s ownership and other similar rights in respect of securities and his rights in respect of funds entrusted to a {{cassprov|firm}} those rights should in particular be kept distinct from those of the {{cassprov|firm}}. This principle should not, however, prevent a {{cassprov|firm}} from doing business in its name but on behalf of the investor, where that is required by the very nature of the transaction and the investor is in agreement, for example securities lending.''}} | |||
{{cassanatomy}} | {{cassanatomy}} | ||
Latest revision as of 09:24, 3 February 2016
Discussion
Note Recital 26 of MiFID:
- In order to protect an investor's ownership and other similar rights in respect of securities and his rights in respect of funds entrusted to a firm those rights should in particular be kept distinct from those of the firm. This principle should not, however, prevent a firm from doing business in its name but on behalf of the investor, where that is required by the very nature of the transaction and the investor is in agreement, for example securities lending.
Update to {{anat|cass}}