Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

CASS 9.1 Application


1This chapter applies as follows:2

  1. (1)

    CASS 9.2 and CASS 9.3 apply to a prime brokerage firm 2to which CASS 6 (Custody rules) applies;

  2. (2)

    subject to paragraphs4 (3) and (4), CASS 9.4 and CASS 9.5 apply 2to a firm to which either or both CASS 6 (Custody rules) and CASS 7 (Client money rules) applies; 2

  3. (3)

    2CASS 9.4 and CASS 9.5 do 2not apply to a firm which only arranges safeguarding and administration of assets; and4

  4. (4)

    2for a firm to which CASS 7 (client money rules) applies as well as either or both of CASS 5 (Client money: insurance distribution5 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.