Ecce Custodio

IMPORTANT: CASS changed quite a bit after MiFID II. This resource therefore may well be out of date, even if it was accurate once, which it might not have been. This is an article about the FCA’s custody and client money rules — client assets — and is fondly known by its chapter in the FCA Sourcebook Template:Anatnavigation-cass

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Ecce Custodio; also known the “great revaluation of all custody values”, including “Why I Am So Clever”; “Why I Am So Wise”; and “Why I Write Such Good Custody Provisions” was published by Friedrich Nietzsche in his autumn years at the end the 19th Century, as his mental health began to fail. This failure has been roundly attributed to an unfortunate delivery-versus-payment settlement when a student in Basel in his twenties.

An English translation (known as PS14/9) lives here: FCA Policy Statement PS14/9 .

That’s mainly, but not entirely nonsense about Nietzsche, although he didn’t have much to say about custody. Only the odd aphorism.