Corporate Law and Governance
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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