The Financial Services Authority has published a policy statement containing final rules which make changes to the client assets sourcebook (CASS): see here (pdf). The changes are necessitated by Regulation (EU) no 648/2012 on OTC derivatives, central counterparties and trade repositories (commonly referred to as the European Market Infrastructure Regulation (EMIR)).
Tuesday, 18 December 2012
UK: client assets and EMIR - FSA policy statement and final rules
The Financial Services Authority has published a policy statement containing final rules which make changes to the client assets sourcebook (CASS): see here (pdf). The changes are necessitated by Regulation (EU) no 648/2012 on OTC derivatives, central counterparties and trade repositories (commonly referred to as the European Market Infrastructure Regulation (EMIR)).
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