FSA Publishes Changes to Client Assets Sourcebook on Custody Liens
January 20, 2012
The FSA has issued a new policy statement on custody liens in an effort to further strengthen its client assets regime.
Firms must ensure that any custody agreement they enter into on or after 1 April 2012 complies with these rules and that any custody agreement entered into before this date complies with the rules no later than 30 September 2012.