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)

Circular Letter No. 005/GR/2021

Prescribing to Treasury Securities Specialists (SVT) the immediate observation of 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),

Having regard to the Monetary and Financial Code;

Having regard to the general regulations of the ACPR;

Having regard to the specific regulations governing Treasury Securities Specialists;

Whereas the obligation to segregate securities accounts is a fundamental principle aimed at protecting the assets of clients;

Whereas it is necessary to ensure that Treasury Securities Specialists (SVT) strictly comply with this obligation within the framework of their activities managed through the Settlement and Securities Conservation Cell (CRCT);

Hereby prescribes:

Article 1

Treasury Securities Specialists (SVT) are required to immediately observe the obligation to segregate securities accounts in the books of the Settlement and Securities Conservation Cell (CRCT).

Article 2

This circular letter takes effect upon its publication.

Done in Paris, on [Date],

[Signature]

[Name]

[Title]