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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.

You are viewing the version of the document as on 2016-10-03.

Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.

custody asset

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        1. 197(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. 197143