Client Asset Rules definition

Client Asset Rules means those FCA Rules that concern the holding and management of Custody Assets;

Client Asset Rules means the client asset rules as set out in the Client Assets Sourcebook of the FCA Rules.

Client Asset Rules means the provisions of Part 3 of the Financial Services (Investment Business (Client Assets)) (Jersey) Order 2001.

Examples of Client Asset Rules in a sentence

• These deposits may be held within instant access accounts or in unbreakable term deposits up to the terms permitted by the FCA in the Client Asset Rules or any agreed modifications or directions granted by the FCA in relation to those rules.

• These circumstances are limited to the requirements under the Client Asset Rules pursuant to which the Custodian may be required to segregate certain sums from the Custodian’s own funds as client money in certain cases where the Custodian has identified a shortfall in the number of client securities held by or for it.

• Moreover, with respect to handling scheme property in the course of delivery versus payment transactions through a commercial settlement system (“CSS”), the scheme property may not be protected under the Client Asset Rules.

• In the event that the Depositary becomes insolvent or otherwise fails, there is a risk of loss or delay in return of any scheme property which consists of Client Money, client assets held in a CSS or any other client assets which the Depositary or any of its delegates is not required or has failed to hold in accordance with the Client Asset Rules.

• In the event that the Trustee becomes insolvent or otherwise fails, there is a risk of loss or delay in return of any scheme property which consists of Client Money, client assets held in a CSS or any other client assets which the Trustee or any of its delegates is not required or has failed to hold in accordance with the Client Asset Rules.

More Definitions of Client Asset Rules

Client Asset Rules when used in the Agreement and/or any agreements by and between us, including, without limitation, these Terms and Conditions, unless the context otherwise requires, shall mean those CySEC Rules that concern the holding and management of Custody Assets;

Client Asset Rules when used in the Agreement and/or any agreements by and between us, including, without limitation, these Terms and Conditions, unless the context otherwise requires, shall mean those Bermuda Rules that concern the holding and management of Custody Assets;

Client Asset Rules means the client asset rules as set out in Client Assets Sourcebook. "Client Assets Sourcebook" means the CASS sourcebook as set out in the FCA Rules.

Client Asset Rules means the provisions of CySEC Rules that relate to assets received by MiFID investment firms from clients; Closed Position: The opposite of an Open Position; Commission Fee: A fixed fee charged upon the opening of a Position, charged by the Company; Completed Transaction: Two counter deals of the same size (opening a position and closing a position): buy then sell and vice versa;

Client Asset Rules means the client asset rules as set out in Client Assets sourcebook of the FCA Rules. Client Money Distribution Rules shall mean the client money distribution rules set out in Chapter 7A of the Client Asset Rules. Client Money Rules shall mean the client money rules set out in Chapter 7 of the Client Asset Rules. Code means the US Internal Revenue Code of 1986. CREST shall mean the central securities depository for the United Kingdom, Ireland, Isle of Man, Jersey and Guernsey in respect of which Euroclear U.K. & Ireland Limited is the operator. Custodian Rating means a short-term, unsecured, unsubordinated and unregulated debt obligation rating of P1 by Moody's and F1 by Fitch and a long term, unsecured, unsubordinated and unguaranteed debt obligation of A3 by Moody’s and A from Fitch. Data Providers shall mean pricing vendors, brokers, dealers, investment managers, Authorised Persons, Depositories and any other Person providing Market Data to the Custodian. Depository means Clearstream Banking S.A., CREST, the Depository Trust Company, Euroclear Bank SA/NV as operator of the Euroclear system, and the Federal Reserve Book Entry System. Distributions shall mean all interest, dividends and other income distributed or paid in respect of Cash and Securities. EEA means the European Economic Area. EEA Member State means a member state of the EEA. FATCA Withholding Tax means any withholding or deduction pursuant to an agreement described in Section 1471(b) of the Code or otherwise imposed pursuant to Sections 1471 through 1474 of the Code (or any regulations or agreements thereunder or official interpretations thereof) or any intergovernmental agreement between the United States and another jurisdiction facilitating the implementation thereof (or any law implementing such an intergovernmental agreement). FCA shall mean the United Kingdom's Financial Conduct Authority (and any successor regulatory authority).

Client Asset Rules means the client assets protection rules applicable to the Lending Agent in Belgium when providing services of safekeeping and administration of financial instruments for the account of clients;

Client Asset Rules means the Luxembourg Commission de Surveillance du Secteur Financier rules from time to time in force in relation to the holding of client money and other custody assets;