Content Options

Add to favourites

View Options

More Resources:

External link Handbook Publications

custody asset

      1. 143(A) (in the FCA Handbook)
        1. (1) other than when acting as trustee or depositary of an AIF or acting as trustee or depositary of a UCITS199:
          1. (a) a designated investment held for or on behalf of a client;
          1. (b) any other asset which is or may be held with a designated investment held for, or on behalf of, a client.
        1. (2) in relation to acting as trustee or depositary of an AIF in CASS 6:
          1. (a) an AIF custodial asset held by a depositary in line with FUND 3.11.21 R (Depositary functions: safekeeping of financial instruments); or
          1. (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).
        1. 199(3) in relation to acting as trustee or depositary of a UCITS in CASS 6:
          1. (a) a UCITS custodial asset held by a depositary in line with COLL 6.6B.18R (Depositary functions: safekeeping of financial instruments); or
          1. (b) any other asset of a UCITS for which a depositary exercises safe-keeping functions in line with COLL 6.6B.19R (Depositary functions: safekeeping of other assets).
      1. 143(B) (in the PRA Handbook)
        1. (a) a designated investment held for or on behalf of a client;
        1. (b) any other asset which is or may be held with a designated investment held for, or on behalf of, a client.