Template:Nutshell CASS 7.11.9: Difference between revisions

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Created page with "{{cassprov|6.1.8A}} If a {{fcaprov|client}} asks (whether orally or in writing) to terminate any existing title transfer collateral arrangement the {{fcaprov|firm}} must reply..."
 
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{{cassprov|6.1.8A}} If a {{fcaprov|client}} asks (whether orally or in writing) to terminate any existing title transfer collateral arrangement the {{fcaprov|firm}} must replyin writing , either {{fcaprov|firm}} agreeing to terminate the title transfer collateral arrangement and advising the date from which the termination will be effective and advising whether the client's {{fcaprov|financial instrument}}s will thereafter be held under the CASS rules, or declining to do so.  
{{cassprov|6.1.8A}} If a {{fcaprov|client}} asks (whether orally or in writing) to terminate any existing title transfer collateral arrangement the {{fcaprov|firm}} must reply in writing, either '''agreeing''' to terminate the title transfer collateral arrangement (in which case advising the effective date of termination and whether the client's {{fcaprov|financial instrument}}s will thereafter be held under the CASS rules), or declining the request.  


Records of any such request, the date made, and all responses must be kept for five years.
Records of any such request, the date made, and all responses to it must be kept for five years.

Revision as of 10:39, 10 June 2015

6.1.8A If a client asks (whether orally or in writing) to terminate any existing title transfer collateral arrangement the firm must reply in writing, either agreeing to terminate the title transfer collateral arrangement (in which case advising the effective date of termination and whether the client's financial instruments will thereafter be held under the CASS rules), or declining the request.

Records of any such request, the date made, and all responses to it must be kept for five years.