82,446
edits
Requirement to protect clients' safe custody assets - CASS Provision: Difference between revisions
Jump to navigation
Jump to search
Requirement to protect clients' safe custody assets - CASS Provision (view source)
Revision as of 14:23, 31 October 2017
, 31 October 2017no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{ | {{fullanat|cass|6.2.1|}} | ||
====Discussion==== | ====Discussion==== | ||
Under CASS {{cassprov|6.2.1}} R, a firm is subject to an obligation “when holding safe custody assets belonging to clients” to “make adequate arrangements so as to safeguard clients'ownership rights, especially in the event of the firm's insolvency, and to prevent the use of safe custody assets belonging to a client on the firm's own account except with the client's express consent”. | Under CASS {{cassprov|6.2.1}} R, a firm is subject to an obligation “when holding safe custody assets belonging to clients” to “make adequate arrangements so as to safeguard clients'ownership rights, especially in the event of the firm's insolvency, and to prevent the use of safe custody assets belonging to a client on the firm's own account except with the client's express consent”. | ||