Back Custom print Link Text Only Rich Text Print

  • Executive Summary

    • CL-A.1.1

      This Module presents requirements that have to be met by investment firm licensees with regards to safeguarding and administrating financial instruments or when they hold or control assets of clients for which they are responsible.

    • CL-A.1.2

      The Rules contained in this Module are aimed at ensuring proper protection of client assets to minimise the risk of client assets being used by investment firm licensees without the client's written consent (except to the extent permitted by the Rules) and to restrict the commingling of client assets with investment firm licensee assets. This Module builds upon Principle 6 — Customer Assets (see Module PB (Principles of Business)). Principle 6 requires investment firm licensees to take reasonable care to safeguard the assets of customers for which they are responsible.

      Amended: January 2007

    • CL-A.1.3

      The Rules contained in this Module are largely principles-based and focus on desired outputs rather than on prescribing detailed processes. This gives investment firm licensees flexibility in how to implement the basic standards prescribed in this Module.

      Amended: January 2007