Safe custody asset - FCA Rulebook Term

safe custody asset: (a) in relation to MiFID business, a financial instrument;
(b) in relation to safeguarding and administering investments that is not MiFID business and/or acting as trustee or depositary of a UCITS, a safe custody investment; or
(c) when acting as trustee or depositary of an AIF, an AIF custodial asset.

— Section safe custody asset

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CASS Anatomy™ Go Premium {{{2}}} 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 This resource therefore may well be out of date, even if it was accurate once, which it might not have been.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 SourcebookTable of Contents | 1 | 1A | 3 | 5 | 6 (custody rules) | 7 (client money rules) | 7A | 8 | 9 (PBDA) | 10 Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.