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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

13-1

CASS 1A

R

CASS 1A does not apply to an operator of an electronic system in relation to lending who holds an interim permission.

From 1 April 2014 to 30 September 2014

1 April 2014

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

Expired10

10		 10 10

53

CASS 5.3.2 R3

R3

Expired10

10		 10 10

63

CASS 5.4.7 R3

R3

Expired10

10		 9 9

73

CASS 5.5.65 R3

R3

Expired10

10		 10 10

68

CASS 6.3.5 R

 11

11[deleted]11

8		 811 811

118A

CASS 6.3.5 R to CASS 6.3.8R

R

The rules listed in column (2) do not apply in relation to agreements executed before 1 April 2012.

1 April 2012 until 30 September 2012

1 April 201211

G

Notwithstanding the operation of CASS TP 1.1R(8A), a firm should as soon as reasonably practicable modify its agreement with that third party so as to meet the requirements of CASS 6.3.5 R to CASS 6.3.8 R.

79

CASS 6.1.6 R (2) and CASS 6.1.6A R

 11

[deleted]11

1111		 811 811
11 11

710

CASS 7.2.3R (2) and CASS 7.2.3A R

11

[deleted]11

11		 811 811
11 1114

1410A

CASS 7.4.11AR (2)

R

(1) The rule in column (1) applies when a firm enters into a new contract with a bank to provide a client bank account.

(2) In relation to an arrangement under which a firm holds a client bank account with a bank that is in place as at the date in column (5), and as soon as it is permitted to do so under that arrangement, the firm must terminate any contract that does not comply with the rule in column (1) and enter into a new contract (in respect of which (1) shall apply). If necessary to comply with the rule in column (1), a firm must move client money into another client bank account under compliant terms.

Indefinitely

1 July 2014

1311

CASS 7 and CASS 7A

R

The rules listed in column (2) do not apply to an operator of an electronic system in relation to lending who holds an interim permission.

From 1 April 2014 to 30 September 2014

1 April 2014

1312

CASS 7 and CASS 7A

R

(1) The rules in column (2) apply to an operator of an electronic system in relation to lending where the FCA or PRA has granted an application made by the firm for Part 4A permission and an interim permission the firm was treated as having has ceased to have effect.

Indefinitely

1 April 2014

13(2) The rules in column (2) apply in relation to money held by the firm on the date on which the written notice given by the FCA or PRA under section 55V(5) of the Act takes effect, to the extent that such money was received, or is held in the course of or in connection with the operation of an electronic system in relation to lending carried on before that date (or business carried on before 1 April 2014 and which would, if conducted on or after 1 April 2014, be money which was received, or held in the course of or in connection with the operation of an electronic system in relation to lending).

1213

CASS 11

R

(1) CASS 11 does not apply to a CASS debt management firm which is a not-for-profit debt advice body treated as having Part 4A permission on and after 1 April 2014 by virtue of article 60 of the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 until 1 October 2014, if the firm acts in accordance with the provisions of paragraphs 3.42 and 3.43 of the Debt management (and credit repair services) guidance (OFT366rev) previously issued by the Office of Fair Trading, as they were in effect immediately before 1 April 2014.

Indefinitely

1 April 2014

(2) CASS 11 applies in relation to money held by a CASS debt management firm within (1) on 1 October 2014 to the extent that such money was received, or is held on behalf of an individual, in the course of or in connection with debt management activity carried on before that date (or business carried on before 1 April 2014 and which would, if conducted on or after 1 April 2014, be a debt management activity).

1214

CASS 11

R

(1) This rule applies to a CASS debt management firm where the FCA or PRA has granted an application made by the firm for Part 4A permission and an interim permission the firm was treated as having has ceased to have effect.

Indefinitely

1 April 2014

(2) CASS 11 applies in relation to money held by the CASS debt management firm on the date on which the written notice given by the FCA or PRA under section 55V(5) of the Act takes effect, to the extent that such money was received, or is held on behalf of an individual, in the course of or in connection with debt management activity carried on before that date (or business carried on before 1 April 2014 and which would, if conducted on or after 1 April 2014, be a debt management activity).