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Registration and recording of legal title - CASS Provision: Difference between revisions
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Registration and recording of legal title - CASS Provision (view source)
Revision as of 14:20, 8 March 2017
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{{ | {{fullanat|cass|6.2.3|}} | ||
This is the rule that provides that a {{tag|custodian}} may hold {{tag|client assets}} in its own name or that of a third party if local law or market practice makes it impracticable to do otherwise. See this rule in its natural environment on the {{tag|FCA}} website [https://www.handbook.fca.org.uk/handbook/CASS/6/2.html#D41 here]. | This is the rule that provides that a {{tag|custodian}} may hold {{tag|client assets}} in its own name or that of a third party if local law or market practice makes it impracticable to do otherwise. See this rule in its natural environment on the {{tag|FCA}} website [https://www.handbook.fca.org.uk/handbook/CASS/6/2.html#D41 here]. | ||
====Discussion==== | ====Discussion==== | ||
Note the interplay between CASS {{cassprov|6.2.5}}, about the recording of title to legal assets, with {{cassprov|6.2.3(4)}}. | Note the interplay between CASS {{cassprov|6.2.5}}, about the recording of title to legal assets, with {{cassprov|6.2.3(4)}}. | ||