CF10a: Difference between revisions
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{{a|people|{{image|CASS Garb|png|A [[CASS officer]]’s ceremonial Mithril garb.}}}}The person at a CASS large firm (such as a [[custodian]] or [[prime broker]]) designated<ref>condemned, really</ref> with responsibility for the [[CASS operational oversight function]] (known colloquially as the firm’s “[[CF10a]]”). This person is likely to be of a nervous disposition, even if {{sex|she}} | {{a|people|{{image|CASS Garb|png|A [[CASS officer]]’s ceremonial Mithril garb.}}}}The person at a CASS large firm (such as a [[custodian]] or [[prime broker]]) designated<ref>condemned, really</ref> with responsibility for the [[CASS operational oversight function]] (known colloquially as the firm’s “[[CF10a]]”). This person is likely to be of a nervous disposition, even if {{sex|she}} wasn’t before {{sex|she}} became the firm’s [[CF10a]]. It’s an infectious kind of nervousness. You get to wear a cloak of [[mithril]], made ourt of [[client money]], but it doesn’t protect you if the FCA wants to take your house away because, through an entirely uncalled-for documentation audit, you have discovered that some clot in Poland forgot to do a [[prime brokerage disclosure annex]] in 2014, and you felt you had no choice but to report it. | ||
For more information see the FCA handbook: {{handbook|SUP|10A|7}}.9R. | For more information see the FCA handbook: {{handbook|SUP|10A|7}}.9R. | ||
{{Ref}} | {{Ref}} | ||
Revision as of 16:56, 12 September 2022
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People Anatomy™
A spotter’s guide to the men and women of finance.
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The person at a CASS large firm (such as a custodian or prime broker) designated[1] with responsibility for the CASS operational oversight function (known colloquially as the firm’s “CF10a”). This person is likely to be of a nervous disposition, even if she wasn’t before she became the firm’s CF10a. It’s an infectious kind of nervousness. You get to wear a cloak of mithril, made ourt of client money, but it doesn’t protect you if the FCA wants to take your house away because, through an entirely uncalled-for documentation audit, you have discovered that some clot in Poland forgot to do a prime brokerage disclosure annex in 2014, and you felt you had no choice but to report it.
For more information see the FCA handbook: SUP Chapter 10A.9R.
References
- ↑ condemned, really