Registration and recording of legal title - CASS Provision: Difference between revisions
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{{fullanatopen|cass|{{cassquote|6|2|3}}}} | |||
This is the rule that provides that a {{tag|custodian}} may hold {{tag|client assets}} in its own name or that of a third party if local law or market practice makes it impracticable to do otherwise. See this rule in its natural environment on the {{tag|FCA}} website [https://www.handbook.fca.org.uk/handbook/CASS/6/2.html#D41 here]. | This is the rule that provides that a {{tag|custodian}} may hold {{tag|client assets}} in its own name or that of a third party if local law or market practice makes it impracticable to do otherwise. See this rule in its natural environment on the {{tag|FCA}} website [https://www.handbook.fca.org.uk/handbook/CASS/6/2.html#D41 here]. | ||
====Discussion==== | ====Discussion==== | ||
Note the interplay between CASS {{cassprov|6.2.5}}, about the recording of title to legal assets, with {{cassprov|6.2.3(4)}}. | Note the interplay between CASS {{cassprov|6.2.5}}, about the recording of title to legal assets, with {{cassprov|6.2.3(4)}}. | ||
Revision as of 17:20, 28 November 2016
CASS Anatomy™
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This is the rule that provides that a custodian may hold client assets in its own name or that of a third party if local law or market practice makes it impracticable to do otherwise. See this rule in its natural environment on the FCA website here.
Discussion
Note the interplay between CASS 6.2.5, about the recording of title to legal assets, with 6.2.3(4).