Reassessing clients' rights

摘要

A consultation paper released by the UK's Financial Services Authority (FSA) that proposes new rules on how financial institutions manage their holdings of client assets. If enforced, it could require all client-orientated businesses, in particular the UK's 35 or so prime brokers, to give daily reports to their clients about how their assets are being managed. Institutions will also be prohibited from putting more than 20% of clients' cash into affiliated banks.