CASS 9.1 Application

This chapter applies as follows:

1. (1)

   CASS 9.2 and CASS 9.3 apply to a prime brokerage firm to which CASS 6 (Custody rules) applies;

2. (2)

   subject to paragraphs (3) and (4), CASS 9.4 and CASS 9.5 apply to a firm to which either or both CASS 6 (Custody rules) and CASS 7 (Client money rules) applies;

3. (3)

   CASS 9.4 and CASS 9.5 do not apply to a firm which only arranges safeguarding and administration of assets; and

4. (4)

   for a firm to which CASS 7 (client money rules) applies as well as either or both of CASS 5 (Client money: insurance distribution activity) and CASS 11 (Debt management client money chapter) apply, this chapter does not apply to client money that a firm holds in accordance with CASS 5 or CASS 11.