Regulatory Alerts2021-12-01
Circular Letter No. 005/GR/2021 Prescribing Immediate Compliance with the Obligation to Segregate Securities Accounts in the Books of the Settlement and Securities Conservation Cell (CRCT)
The Autorité de Contrôle Prudentiel et de Résolution (ACPR) issued Circular Letter No. 005/GR/2021 to mandate immediate compliance with the obligation to segregate securities accounts. This directive specifically requires Treasury Securities Specialists (SVT) to ensure that the Settlement and Securities Conservation Cell (CRCT) maintains strict segregation of these accounts in its records. The regulation aims to enhance the protection of client assets and ensure adherence to strict financial custody standards.
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