Client money distribution - CASS Provision

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7A is the CASS Rule concerning client money distribution: This is the section that deals with what happens when a person holding client money goes bust. This can be a primary pooling event or a secondary pooling event.

A primary pooling event is the failure of a firm that is holding client money in its own right. A secondary pooling event is the failure of a third party bank or other eligible institution that is holding client money on behalf of the primary firm.

7A Client money distribution

7A.1 Application and purpose
7A.2 Primary pooling events
7A.3 Secondary pooling events

Failure of a bank, intermediate broker, settlement agent or OTC counterparty: secondary pooling events:7A.3.1 | 7A.3.2 | 7A.3.3
Failure of a bank: 7A.3.4 | 7A.3.5
Failure of a bank: pooling: 7A.3.6 | 7A.3.7 | 7A.3.8 | 7A.3.9 | 7A.3.10 | 7A.3.11 | 7A.3.12
Client money received after the failure of a bank: 7A.3.13 | 7A.3.14 | 7A.3.15
Failure of an intermediate broker, settlement agent or OTC counterparty: Pooling: 7A.3.16 | 7A.3.17
Client money received after the failure of an intermediate broker, settlement agent or OTC counterparty: 7A.3.18
Notification to the FCA: failure of a bank, intermediate broker, settlement agent or OTC counterparty: 7A.3.19


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