You are viewing CASS 17.7 Arranging cryptoasset safeguarding as it appeared on 25/10/2027. The current version of CASS 17.7 Arranging cryptoasset safeguarding was last updated on 25/10/2027.

CASS 17.7 Arranging cryptoasset safeguarding

25/10/2027R

This section applies to a firm when it arranges cryptoasset safeguarding, but is not safeguarding cryptoassets in relation to which it is arranging cryptoasset safeguarding.

Agreements

25/10/2027R

Each time a firm, on behalf of a client, arranges cryptoasset safeguarding with another person, it must enter into an agreement with that other person. This agreement must, at minimum:

  1. (1) set out the obligations between the firm and the other person, including any ongoing obligations of the firm;
  2. (2) set out the basis for any payments or other consideration between the two parties; and
  3. (3) include provisions detailing the extent of either party’s liability in the event of the loss of a cryptoasset.

Records

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  1. (1) When a firm arranges cryptoasset safeguarding, it must ensure that proper records of the arrangements are made at the time the arrangements are put in place, and at the time the arrangements are amended (a ‘cryptoasset safeguarding arrangement record’).
  2. (2) A firm must retain the records made under (1) for a period of 5 years after they are made.
Point In Time
25/10/2027