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6.1.4 - CASS Provision: Difference between revisions
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Text replace - "stock lending" to "securities lending"
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Note Recital 26 of {{tag|MiFID}}: | 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 | {{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}} | ||