Template:Nutshell CASS 7.11.9: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) 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..." |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{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 | {{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.