7A - CASS Provision: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "Client money distribution: This is the section that deals with what happens when a person holding client money goes bust. This can be a primary pooling event or a secondary po..." |
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A primary pooling event is the failure of a firm that is holding client money in its own right. A secondary pooling event is the failure of a third party bank or other eligible institution that is holding client money on behalf of the primary firm. | A primary pooling event is the failure of a firm that is holding client money in its own right. A secondary pooling event is the failure of a third party bank or other eligible institution that is holding client money on behalf of the primary firm. | ||
{{CASS Section 7A}} | {{CASS Section 7A TOC}} | ||
{{Cassanatomy}} | {{Cassanatomy}} | ||
Revision as of 09:04, 3 June 2013
Client money distribution: This is the section that deals with what happens when a person holding client money goes bust. This can be a primary pooling event or a secondary pooling event.
A primary pooling event is the failure of a firm that is holding client money in its own right. A secondary pooling event is the failure of a third party bank or other eligible institution that is holding client money on behalf of the primary firm.