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CASS TP 1 Transitional Provisions

1

CASS TP 1.1

2323333

(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

CASS 2 to CASS 4

R

[deleted]5

5
5 5

2

Every rule in the Handbook

R

Expired4

4
4 4

G

Expired4

4

2A4

G

[deleted]5

5

32

CASS 5.1 to CASS 5.62

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

Indefinitely23

14 January 20052

42

CASS 5.1.5A R23

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 2005 for 6 months23

14 January 20052

53

CASS 5.3.2 R3

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

63

CASS 5.4.7 R3

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

73

CASS 5.5.65 R3

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

68

CASS 6.3.5 R

R

The rule listed in column (2) does not apply. in relation to agreements executed before 1 March 2011.

1 March 2011 until 1 October 2011

1 March 2011

79

CASS 6.1.6 R (2) and CASS 6.1.6A R

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.

1 December 2010 to 31 December 2010

1 December 2010

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

CASS 7.2.3R (2) and CASS 7.2.3A R

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.

1 December 2010 to 31 December 2010

1 December 2010

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.