Regulatory Alerts2021-11-11
FS.S.6.15 – Persons Who May Keep Money and Assets
The regulator issued FS.S.6.15 to establish which entities and individuals are permitted to hold client money and assets, mandating strict segregation and compliance standards. The rule outlines specific operational requirements, including record-keeping protocols and risk mitigation measures for ongoing asset custody. Updated in October 2024, the guidance clarifies eligibility thresholds and reporting obligations to ensure consistent regulatory oversight.
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