Template:CASS Section 6.3.5: Difference between revisions
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{{cassprov|6.3.5}}: Subject to CASS {{cassprov|6.3.6}}R, in relation to a third party with which a firm deposits {{cassprov|safe custody assets}} belonging to a client, a firm must ensure that any agreement with that third party relating to the custody of those assets does not include the grant to that party, or to any other person, of a [[lien]] or a right of retention or sale over the {{cassprov|safe custody assets}}, or a right of [[set-off]] over any {{cassprov|client money}} derived from those {{cassprov|safe custody assets}}. <br /> | '''CASS {{cassprov|6.3.5}}''': Subject to CASS {{cassprov|6.3.6}}R, in relation to a third party with which a firm deposits {{cassprov|safe custody assets}} belonging to a client, a firm must ensure that any agreement with that third party relating to the custody of those assets does not include the grant to that party, or to any other person, of a [[lien]] or a right of retention or sale over the {{cassprov|safe custody assets}}, or a right of [[set-off]] over any {{cassprov|client money}} derived from those {{cassprov|safe custody assets}}. <br /> |
Latest revision as of 17:51, 18 January 2017
CASS 6.3.5: Subject to CASS 6.3.6R, in relation to a third party with which a firm deposits safe custody assets belonging to a client, a firm must ensure that any agreement with that third party relating to the custody of those assets does not include the grant to that party, or to any other person, of a lien or a right of retention or sale over the safe custody assets, or a right of set-off over any client money derived from those safe custody assets.