You are viewing CASS 17.2 General safeguarding requirements as it appeared on 25/10/2027. The current version of CASS 17.2 General safeguarding requirements was last updated on 25/10/2027.

CASS 17.2 General safeguarding requirements

25/10/2027R

This section applies to a firm when it is:

  1. (1) safeguarding cryptoassets which are client cryptoassets; or
  2. (2) safeguarding cryptoassets which would be client cryptoassets but are not being treated by the firm as client cryptoassets in reliance upon CASS 17.3.12R.

Requirement for adequate organisational arrangements

25/10/2027R

A firm must, when safeguarding cryptoassets, introduce and maintain adequate organisational arrangements to:

  1. (1) protect the relevant client’s rights in relation to the cryptoassets, including in the event of the firm’s insolvency; and
  2. (2) minimise the risk of the loss or diminution of the cryptoassets, or of the rights in connection with those cryptoassets, as a result of the misuse of the cryptoassets, fraud, poor administration, inadequate record-keeping or negligence.
Point In Time
25/10/2027