83,521
edits
Template:CASS Section 6.3.4B: Difference between revisions
Jump to navigation
Jump to search
no edit summary
Amwelladmin (talk | contribs) (Created page with "{{cassprov|6.3.4B}} (G) A {{fcaprov|firm}} should consider carefully the terms of any agreement entered into with a third party under CASS {{cassprov|6.3.4A R. The following t...") |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{cassprov|6.3.4B}} (G) A {{fcaprov|firm}} should consider carefully the terms of any agreement entered into with a third party under CASS {{cassprov|6.3.4A R. The following terms are examples of the issues that should be addressed in these agreements (where relevant): <br> | {{cassprov|6.3.4B}} ''(G)'' A {{fcaprov|firm}} should consider carefully the terms of any agreement entered into with a third party under CASS {{cassprov|6.3.4A}} R. The following terms are examples of the issues that should be addressed in these agreements (where relevant): <br> | ||
:(1) that the title of the account in the third | :(1) that the title of the account in the third party’s books and records indicates that any {{cassprov|safe custody asset}} credited to it does not belong to the {{fcaprov|firm}}; <br> | ||
:(2) that the third party will hold or record a {{cassprov|safe custody asset belonging to the {{fcaprov|firm}} | :(2) that the third party will hold or record a {{cassprov|safe custody asset}} belonging to the {{fcaprov|firm}}’s {{fcaprov|client}} separately from any applicable asset belonging to the {{fcaprov|firm}} or to the third party; <br> | ||
:(3) the arrangements for registration or recording of the {{cassprov|safe custody asset, if this will not be registered in the {{fcaprov|firm}} | :(3) the arrangements for registration or recording of the {{cassprov|safe custody asset}}, if this will not be registered in the {{fcaprov|firm}}’s {{fcaprov|client}}’s name; <br> | ||
:(4) the restrictions over the circumstances in which the third party may withdraw asset}}s from the account; <br> | :(4) the restrictions over the circumstances in which the third party may withdraw asset}}s from the account; <br> | ||
:(5) the procedures and authorities for the passing of instructions to, or by, the {{fcaprov|firm}}; <br> | :(5) the procedures and authorities for the passing of instructions to, or by, the {{fcaprov|firm}}; <br> | ||
:(6) the procedures for the claiming and receiving of dividends, interest payments and other entitlements accruing to the {{fcaprov|firm}}'s {{fcaprov|client}}; and <br> | :(6) the procedures for the claiming and receiving of dividends, interest payments and other entitlements accruing to the {{fcaprov|firm}}'s {{fcaprov|client}}; and <br> | ||
:(7) the provisions detailing the extent of the third | :(7) the provisions detailing the extent of the third party’s liability in the event of the loss of a {{cassprov|safe custody asset}} caused by the fraud, wilful default or negligence of the third party or an agent appointed by him. <br> | ||