Recording title to safe custody assets - CASS Provision: Difference between revisions

Recording title to safe custody assets - CASS Provision (view source)

No change in size , 14 September 2016

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 ===Incidental to {{fcaprov|designated investment business}}===
-Fi“rst, where doing so arises incidentally to the investment business the firm carries on for the account of a client or to other steps taken by the firm to comply with the custody rules. We are also providing guidance to indicate that each of the situations discussed below are likely examples of where these conditions would be met.”
+“First, where doing so arises incidentally to the investment business the firm carries on for the account of a client or to other steps taken by the firm to comply with the custody rules. We are also providing guidance to indicate that each of the situations discussed below are likely examples of where these conditions would be met.”
 “There are a number of situations in which a firm may need to hold its own assets in the same name as the custody assets belonging to clients to facilitate, or