WebJan 7, 2024 · Where a firm which is arranging custody is not aware of the applicability of the CASS rules to such activities. Category 4 firms holding client money. The DFSA and FSRA CASS rules prohibit Category 4 firms from holding client money. A common mistake that we have seen is where a Category 4 firm holds client money without realising that it does. WebREGULATED ACTIVITIES There are ten types of ‘regulated activities’ which are as follows: Type 1: Dealing in Securities Type 2: Dealing in Futures Contracts Type 3: Leveraged Foreign Exchange Trading Type 4: Advising on Securities Type 5: Advising on Futures Contracts Type 6: Advising on Corporate Finance Type 7: Providing Automated Trading Services
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WebFeb 24, 2024 · The minimum liquid capital requirement for a licensed corporation which is licensed for more than one type of regulated activity is the highest of the minimum requirements that are applicable to the respective regulated activities for which it is licensed. ... that it does not hold any client asset) and liquid capital requirement under the ... WebJan 18, 2024 · The FCA set out the CASS rules (Client Asset Sourcebook) to help guide and regulate FCA registered firms who hold or control client money or custody assets. The … postal code osaka city japan
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WebNov 18, 2024 · A "trader" is a corporation holding an SFC Type 1 or Type 2 license which does not hold client assets or handle client orders and, in carrying on the regulated activity for which it is licensed, conducts no business other than effecting, or offering to effect, dealings in securities, futures contracts or options contracts for its own account. WebMar 13, 2024 · Firms holding or controlling client assets must report the value of their assets. This includes: brokers investment banks custodians CASS classification Your … WebThe term ‘client money’ is used to describe a variety of arrangements in which the reporting entity holds funds on behalf of clients. Client money arrangements are often regulated and more specific definitions of the term are sometimes contained in regulatory … postal elementy kute katalog