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 |
COB TP 1 to COB TP 4 apply to provisions in CASS in the same way as they did to the equivalent provisions included in COB 9 before 1 January 2004. |
Indefinite |
1 January 2004 |
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2 |
R |
Expired4 4 |
4 | 4 | ||
G |
Expired4 4 |
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2A4 |
G |
If a waiver granted before 1 January 2004 refers to a provision in COB 9 it will continue to be effective in relation to the equivalent provision in CASS. |
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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
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