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custody asset

  1. 143
    1. 197(1) other than when acting as trustee or depositary of an AIF or acting as trustee or depositary of a UK UCITS230:199
      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).
    3. 199(3) in relation to acting as trustee or depositary of a UK UCITS230 in CASS 6:
      1. (a) a UCITS custodial asset held by a depositary in line with COLL 6.6B.18R (Depositary functions: safekeeping of financial instruments); or
      2. (b) any other asset of a UCITS for which a depositary exercises safe-keeping functions in line with COLL 6.6B.19R (Depositary functions: safekeeping of other assets).
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