CASS Anatomy: Difference between revisions
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For a general exposition on the glorious topic of [[client money]], go to the [[client money]] page. It’s a trip. | |||
==={{Anatomy}}=== | |||
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This is an anatomy of the {{tag|CASS}} Rules in the {{tag|FCA}} Sourcebook. | This is an anatomy of the {{tag|CASS}} Rules in the {{tag|FCA}} Sourcebook. | ||
{{CASS Section 1 TOC}} | {{CASS Section 1 TOC}} | ||
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'''Schedule: {{cassprov|Transitional Provisions and Schedules}}''' | '''Schedule: {{cassprov|Transitional Provisions and Schedules}}''' | ||
Latest revision as of 12:27, 28 November 2018
CASS Anatomy™
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For a general exposition on the glorious topic of client money, go to the client money page. It’s a trip.
Anatomy™
This is an anatomy of the CASS Rules in the FCA Sourcebook.
1 - Application and General Provisions
1.1 Application and Purpose (General)
1.2 General application: who? what?
1.3 General application: where?
1.4 Application: particular activities
1.5 Application: electronic media and E-Commerce
1A - CASS firm classification and operational oversight
1A.1 Application
1A.2 CASS Firm Classification
1A.3 Responsibility for CASS operational oversight
3 - Collateral
3.1 Application and Purpose
3.2 Requirements
5 - Client money: insurance mediation activity
5.1 Application
5.2 Holding money as agent of insurance undertaking
5.3 Statutory trust
5.4 Non-statutory client money trust
5.5 Segregation and the operation of client money accounts
5.6 Client money distribution
5.7 Mandates
5.8 Safe keeping of client's documents and other assets
5 - Annex 1 Segregation of designated investments: permitted investments, general principles and conditions
6 - Custody rules
6.1 Application
6.2 Holding of client assets
- 6.2.1 Requirement to protect clients' safe custody assets
- 6.2.2 Requirement to have adequate organisational arrangements
- 6.2.3 Registration and recording of legal title
- 6.2.4 (Nominee companies)
- 6.2.5 Recording title to safe custody assets
- 6.2.6 (Adequate investigations)
- 6.2.7 (documents of title to bearer assets)
6.3 Depositing assets and arranging for assets to be deposited with third parties
- 6.3.1 - Criteria for depositing assets with a third party
- 6.3.2 - Considerations when discharging obligations under this part
- 6.3.3 - Issues firms should address in their agreements with third party custodians
- 6.3.4 - Suitable jurisdictions for the deposit of safe custody assets
- 6.3.4A - Third-party custody agreements
- 6.3.4B - Third-party custody agreements
- 6.3.5 - Agreements with third party custodians not to contain security interests ...
- 6.3.6 - ... er, except in the following cases
- 6.3.7 - When a firm is considered to be acting on the instructions of a professional client
- 6.3.8 - Safe custody asset includes client money
- 6.3.9 - And don't think this provision allows a right of set-off
6.4 Use of safe custody assets
Template:CASS Section 6.5 TOC
6.6 Template:Records, accounts and reconciliations (From 1/6/2015)
7 - Client money rules
Template:CASS Section 7.2
7.3 Organisational requirements: client money
Template:CASS Section 7.4
7.5 Transfer of client money to a third party
7.6 Records, accounts and reconciliations
7.7 Statutory trust
7.8 Notification and acknowledgement of trust
7.10 Application and purpose
- 7.10.3 Opt-in to the client money rules
- 7.10.8 Money that is not client money
- 7.10.9 Professional client opt-out
- 7.10.11 Opt-outs for non-IMD business
Credit institutions and approved banks
- 7.10.16 R The banking exemption
- 7.10.17 G
- 7.10.18 G
- 7.10.19 R Disclosure required where held under banking exemption
- 7.10.20 R Disclosure required where money ceases to be held under banking exemption
- 7.10.21 G
- 7.10.22 R
- 7.10.23 G
- 7.10.24 R
7A Client money distribution
7A.1 Application and purpose
7A.2 Primary pooling events
7A.3 Secondary pooling events
- Failure of a bank, intermediate broker, settlement agent or OTC counterparty: secondary pooling events:7A.3.1 | 7A.3.2 | 7A.3.3
- Failure of a bank: 7A.3.4 | 7A.3.5
- Failure of a bank: pooling: 7A.3.6 | 7A.3.7 | 7A.3.8 | 7A.3.9 | 7A.3.10 | 7A.3.11 | 7A.3.12
- Client money received after the failure of a bank: 7A.3.13 | 7A.3.14 | 7A.3.15
- Failure of an intermediate broker, settlement agent or OTC counterparty: Pooling: 7A.3.16 | 7A.3.17
- Client money received after the failure of an intermediate broker, settlement agent or OTC counterparty: 7A.3.18
- Notification to the FCA: failure of a bank, intermediate broker, settlement agent or OTC counterparty: 7A.3.19
8 - Mandates
8.1 Application
8.2 Definition of mandate (Comes into force on 01/01/2013)
8.3 Records and internal controls (Comes into force on 01/01/2013)
9.0 - Prime brokerage
9.1 Application
9.2 Prime broker's daily report to clients
9.3 Prime brokerage agreement disclosure annex
9.4 Information to clients concerning custody assets and client money
Schedule: Transitional Provisions and Schedules