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The rule (CASS {{cassprov| 7.10.19}} doesn’t prescribe a particular form for that notification but expect [[legal eagles]] — or legal [[chicken lickens]] — to insist on the somewhat laborious text in that rule. | The rule (CASS {{cassprov| 7.10.19}} doesn’t prescribe a particular form for that notification but expect [[legal eagles]] — or legal [[chicken lickens]] — to insist on the somewhat laborious text in that rule. | ||
Note: if you ''are'' providing [[client money]] protection, you are not obliged to tell clients that the [[client money distribution and transfer rules]] ''will'' apply | Note: if you ''are'' providing [[client money]] protection, you are not obliged to tell clients that the [[client money distribution and transfer rules]] ''will'' apply: it can be a nice surprise to them, when the bank for whom you work has unexpectedly imploded and you are wandering around outside with your belongings in an [[Iron Mountain]] box. (But your spoilsport [[legal eagles]] might insist you tell them anyway.) | ||
===And a “{{cobsprov|bank}}” is?=== | ===And a “{{cobsprov|bank}}” is?=== | ||
You’ll think it was easy, and — if you rise above the guff — it is: a bank is, well, a ''bank'': a regulated, officially permissioned<ref>In its own jurisdiction.</ref> deposit-taking institution. But of course it is too easy to just say that. | You’ll think it was easy, and — if you rise above the guff — it is: a bank is, well, a ''bank'': a regulated, officially permissioned<ref>In its own jurisdiction.</ref> deposit-taking institution. But of course it is too easy to just say that. |