Template:CASS Section custody asset: Difference between revisions
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==={{cassprov|Custody asset}}=== | ==={{cassprov|Custody asset}}=== | ||
(1) other than when acting as trustee or depositary of an {{tag|AIF}} or acting as trustee or depositary of a {{tag|UCITS}}: | (1) other than when acting as {{tag|trustee}} or {{tag|depositary}} of an {{tag|AIF}} or acting as {{tag|trustee}} or {{tag|depositary}} of a {{tag|UCITS}}: | ||
:(a) a designated investment held for or on behalf of a client; | :(a) a {{fcaprov|designated investment}} held for or on behalf of a {{fcaprov|client}}; | ||
:(b) any other asset which is or may be held with a designated investment held for, or on behalf of, a client. <br /> | :(b) any other asset which is or may be held with a {{fcaprov|designated investment}} held for, or on behalf of, a client. <br /> | ||
(2) in relation to acting as trustee or depositary of an {{tag|AIF}} in {{tag|CASS}} {{cassprov|6}}: | (2) in relation to acting as {{tag|trustee}} or {{aifmdprov|depositary}} of an '''{{tag|AIF}}''' in {{tag|CASS}} {{cassprov|6}}: | ||
:(a) an {{tag|AIF}} custodial asset held by a {{aifmdprov|depositary}} in line with FUND 3.11.21 R (Depositary functions: safekeeping of financial instruments); or | :(a) an {{tag|AIF}} custodial asset held by a {{aifmdprov|depositary}} in line with FUND 3.11.21 R (Depositary functions: safekeeping of financial instruments); or | ||
:(b) any other asset of an {{tag|AIF}} in respect of which a {{aifmdprov|depositary}} exercises safe-keeping functions in line with FUND 3.11.23 R (Depositary functions: safekeeping of other assets). <br> | :(b) any other asset of an {{tag|AIF}} in respect of which a {{aifmdprov|depositary}} exercises safe-keeping functions in line with FUND 3.11.23 R (Depositary functions: safekeeping of other assets). <br> | ||
(3) in relation to acting as trustee or {{ucitsprov|depositary}} of a UCITS in CASS {{cassprov|6}}: | (3) in relation to acting as {{tag|trustee}} or {{ucitsprov|depositary}} of a '''{{tag|UCITS}}'' in CASS {{cassprov|6}}: | ||
:(a) a {{tag|UCITS}} custodial asset held by a {{ucitsprov|depositary}} in line with COLL 6.6B.18R (Depositary functions: safekeeping of financial instruments); or | :(a) a {{tag|UCITS}} custodial asset held by a {{ucitsprov|depositary}} in line with COLL 6.6B.18R (Depositary functions: safekeeping of financial instruments); or | ||
:(b) any other asset of a {{tag|UCITS}} for which a {{ucitsprov|depositary}} exercises safe-keeping functions in line with COLL 6.6B.19R (Depositary functions: safekeeping of other assets).<br /> | :(b) any other asset of a {{tag|UCITS}} for which a {{ucitsprov|depositary}} exercises safe-keeping functions in line with COLL 6.6B.19R (Depositary functions: safekeeping of other assets).<br /> | ||
Revision as of 13:44, 1 August 2016
Custody asset
(1) other than when acting as trustee or depositary of an AIF or acting as trustee or depositary of a UCITS:
- (a) a designated investment held for or on behalf of a client;
- (b) any other asset which is or may be held with a designated investment held for, or on behalf of, a client.
(2) in relation to acting as trustee or depositary of an AIF in CASS 6:
- (a) an AIF custodial asset held by a depositary in line with FUND 3.11.21 R (Depositary functions: safekeeping of financial instruments); or
- (b) any other asset of an AIF in respect of which a depositary exercises safe-keeping functions in line with FUND 3.11.23 R (Depositary functions: safekeeping of other assets).
(3) in relation to acting as trustee or Template:Ucitsprov of a 'UCITS in CASS 6:
- (a) a UCITS custodial asset held by a Template:Ucitsprov in line with COLL 6.6B.18R (Depositary functions: safekeeping of financial instruments); or
- (b) any other asset of a UCITS for which a Template:Ucitsprov exercises safe-keeping functions in line with COLL 6.6B.19R (Depositary functions: safekeeping of other assets).