Registration and recording of legal title - CASS Provision
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).