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Custodian Agreement Template Uk

unless the undertakings endeavour to ensure that the depositaries transmit to the undertaking the declaration referred to in CASS 2.4.2 R.3 within 20 working days from the date of invoice. whereas the depositary may authorise the withdrawal of an investment held from the account only for delivery to the investment firm or on instructions from the investment firm; Firms do not need to include in the retention agreement the provisions of CASS 2.4.2 R where the firm or custodian is unable to comply with the provision, for example due to legal requirements or custody practices imposed on a depositary or securities clearing system. .

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