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  2. Point in time
    2013-12-13

custody asset

  1. 143(A) (in the FCA Handbook)
    1. (1) other than when acting as trustee or depositary of an AIF:
      1. (a) a designated investment held for or on behalf of a client;
      2. (b) any other asset which is or may be held with a designated investment held for, or on behalf of, a client.
    2. (2) in relation to acting as trustee or depositary of an AIF in CASS 6:
      1. (a) an AIF custodial asset held by a depositary in line with FUND 3.11.21 R (Depositary functions: safekeeping of financial instruments); or
      2. (b) any other asset of an AIF in respect of which a depositary exercises safe-keeping functions in line with FUND 3.11.23 R (Depositary functions: safekeeping of other assets).
  2. 143(B) (in the PRA Handbook)
    1. (a) a designated investment held for or on behalf of a client;
    2. (b) any other asset which is or may be held with a designated investment held for, or on behalf of, a client.