Past version: effective from 14/07/2013 - 02/04/2016
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(1) In GEN Rule 2.2.2
Providing Custody means one or more of the following activities:
Investments belonging to another Person;
(b) in the case of a
Fund, safeguarding Fund Property;
(c) acting as a
Central Securities Depository; or
Investments or Fund Propertyfor the purpose of (a) and (b).
(2) In (1)(d) the following activities do not constitute the 'administration of such
Investments or Fund Property':
(a) providing information as to the number and value of any
Investments or Fund Property safeguarded;
(b) converting currency; or
(c) receiving documents relating to an
Investment or Fund Property for the purpose of onward transmission to, from or at the direction of the Person to whom the Investment or Fund Property belongs.
(3) In (1)(c), "acting as a
Central Securities Depository" means holding securities in uncertificated (dematerialised) form to enable book entry transfer of such securities for the purposes of clearing or settlement of transactions executed on a facility operated by an Authorised Market Institution or an Alternative Trading System or a similar facility regulated and supervised by a Financial Services Regulator.