control of assets definition
control of assets means the holding or control of assets belonging to, or on behalf of a client, by a subject person acting in the course of rendering a VFA service under the Act, and includes custody of assets:
control of assets means the holding or control of assets belonging to, or on behalf of a customer, by a person hereinafter referred to as the subject person, acting in the course of rendering an investment service under the Act, and includes custody of assets;
control of assets means any situation where the targeted natural, legal person or entity subjected to a freezing decision may dispose of, or transfer assets of which the person or entity is not the owner, without requiring prior consent of the owner;
More Definitions of control of assets
control of assets means the holding or control of assets belonging to, or on behalf of a customer, by a person hereinafter referred to as the subject person; and
control of assets means the capacity of the entity to benefit from the asset in the pursuit of the entity’s objectives and to deny or regulate the access of others to that benefit.
control of assets means the company’s mandate over the client’s asset account ‘including management of money’ or the instance when the company holds a power of attorney by which he can control the client/customer’s assets. For the purposes of this Agreement, the company will not be considered to be holding or controlling Clients’ Money or Customers’ Assets if he does not directly handle the Clients’ Assets;