CASS TP 1 Transitional Provisions
CASS TP 1.1
(1) |
(2) Material to which the transitional provision applies |
(3) |
(4) Transitional provision |
(5) Transitional provision: dates in force |
(6) Handbook provision: coming into force |
|
1 |
R |
[deleted]5 5 |
5 | 5 | ||
2 |
R |
Expired4 4 |
4 | 4 | ||
G |
Expired4 4 |
|||||
2A4 |
G |
[deleted]5 5 |
||||
32 |
R2 |
Apply in relation to money (and where appropriate designated investments) held by a firm on 14 January 2005 (being money or designated investments to which CASS 5.1 to CASS 5.6 would not otherwise apply) to the extent that such money (or designated investments) relate to business carried on before 14 January 2005 and which would, if conducted on or after 14 January 2005, be an insurance mediation activity.23 |
14 January 20052 |
2
3
|||
42 |
R2 |
A firm will satisfy the requirements of this paragraph, and money is client money, notwithstanding that an insurance undertaking which is the firm's counterparty to an agreement required by CASS 5.1.5A R has not given written consent to its interests under the trusts (or in Scotland agency) in CASS 5.3.2 R or CASS 5.4.7 R being subordinated to the interests of the firm's other clients.23 |
14 January 20052 |
2
3
|||
53 |
R3 |
The interests of a firm's clients which are insurance undertakings will rank equally with the interests of the firm's other clients.3 |
14 January 2005 for 6 months3 |
14 January 20053 |
3
||
63 |
R3 |
A firm will satisfy the requirements of this rule notwithstanding that the deed referred to in CASS 5.8.3 R provides that money (and if appropriate designated investments) are held on terms which provide for the interests of the firm's clients which are insurance undertakings to rank equally with the interests of the firm's other clients. |
14 January 2005 for 6 months3 |
14 January 20053 |
3
||
73 |
R3 |
A firm may for the purpose of calculating its client money resource disregard any money which the firm had before 14 January 2005 transferred to an intermediate broker in circumstances analogous to those described in CASS 5.5.84 R.3 |
14 January 2005 for 12 months3 |
14 January 20053 |
3
||
68 |
R |
The rule listed in column (2) does not apply. 8 |
1 October 2011 until 31 March 20128 8 |
1 October 20118 8 |
||
88A |
R |
The rule listed in column (2) does not apply. |
1 October 2011 until 31 March 2012 |
1 October 2011 |
||
79 |
R |
The rules to which column (2) refers do not apply in relation to an agreement that would otherwise be prohibited by CASS 6.1.6A R as a result of its application to a rolling spot forex contract.8 |
1 October 2011 until 31 October 20118 8 |
1 October 20118 8 |
||
G |
Notwithstanding the operation of CASS TP 1.1(9)R, a firm should as soon as reasonably practicable modify its contractual agreement with that retail client so as to remove its ability to utilise that title transfer collateral arrangement. |
|||||
710 |
R |
The rules to which column (2) refers do not apply in relation to an agreement that would otherwise be prohibited by CASS 7.2.3A R as a result of its application to a rolling spot forex contract.8 |
1 October 2011 until 31 October 20118 8 |
1 October 20118 8 |
||
G |
Notwithstanding the operation of CASS TP 1.1(10)R, a firm should as soon as reasonably practicable modify its contractual agreement with that retail client so as to remove its ability to utilise that title transfer collateral arrangement. |