CASS Sch 2 Notification requirements

CASS 2.6.14 R (1)

Non-compliance with reconciliation requirements in CASS 2.6.2 R, CASS 2.6.4 R, CASS 2.6.6 R, CASS 2.6.8 R, CASS 2.6.10 R

Reason for Non-compliance

Non-compliance

Immediately

CASS 2.6.14 R (2)

Non-compliance of reconciliation requirements in CASS 2.6.11 R

Reason for Non-compliance once reconciliation carried out

Non-compliance

Immediately

CASS 4.3.64 R

Failure of a third party with which money is held — ie: bank, intermediate broker, settlement agent or OTC counterparty or other entity with which it has placed or to which it has passed client money

Full details

When firm becomes aware of the failure of the entity

Immediately

CASS 4.3.64 R

Failure of a third party with which money is held — ie: bank, intermediate broker, settlement agent or OTC counterparty or other entity with which it has placed or to which it has passed client money

Intentions regarding making good any shortfall that has arisen or may arise, and of the amounts involved

Failure of third party with which money is held

As soon as reasonably practical

CASS 4.3.87 R

Daily calculation required by CASS 4.3.66 R or CASS 4.3.67 R

Inability to perform daily calculation

Inability to perform daily calculation

Immediately

CASS 4.3.88 R

Daily calculation required by CASS 4.3.66 R or CASS 4.3.67 R

Inability to make good any shortfall identified by daily calculation

Inability to make good any shortfall identified by close of business on the day of calculation

Immediately

CASS 4.3.97 R

Requirements detailed in CASS 4.3.89 R, CASS 4.3.91 R, CASS 4.3.92 R, CASS 4.3.94 R and CASS 4.3.95 R.

Inability to comply with any of the requirements

Inability to comply with any of the requirements

As soon as possible

CASS 4.3.110 R

LME bond arrangements

Issue of an individual letter of credit issued by the firm

Upon issue of an individual letter of credit under an LME bond arrangement

Immediately

CASS 4.4.33 R (see CASS 4.3.64 R)

Failure of a third party with which money is held — ie: bank, intermediate broker, settlement agent or OTC counterparty or other entity with which it has placed or to which it has passed client money

Full details

When the firm becomes aware of the failure of the entity

Immediately

CASS 4.4.33 R (see CASS 4.3.64 R)

Failure of a third party with which money is held — i.e. bank, intermediate broker, settlement agent or OTC counterparty

Intentions regarding making good any shortfall that has arisen or may arise, and of the amounts involved

Upon first delegation of regulated activity

As soon as reasonably practical