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6.4.1 - CASS Provision: Difference between revisions
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The remainder — “... or otherwise use [[Safe custody asset - CASS Provision|safe custody assets]] held in such [[Omnibus account|an account]] for its own account or for the account of any other person” is more like [[PB]] style [[rehypothecation]]. | The remainder — “... or otherwise use [[Safe custody asset - CASS Provision|safe custody assets]] held in such [[Omnibus account|an account]] for its own account or for the account of any other person” is more like [[PB]] style [[rehypothecation]]. | ||
This doesn’t seem to have changed under [[MiFID 2]]. Except for being clear about the means for evidencing “[[express prior consent]]” which one would like to think is the same as “[[prior express consent]]” - a term used elsewhere in [[MiFID II]], but then again one would like to think they could have used the SAME GODDAMN EXPRESSION IN ALL PLACES, | This doesn’t seem to have changed under [[MiFID 2]]. Except for being clear about the means for evidencing “[[express prior consent]]” which one would like to think is the same as “[[prior express consent]]” - a term used elsewhere in [[MiFID II]], but then again one would like to think they could have used the SAME GODDAMN EXPRESSION IN ALL PLACES, wouldn’t one? | ||
===But sir sir what about {{cassprov|shortfall}}s?=== | ===But sir sir what about {{cassprov|shortfall}}s?=== | ||