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1. • • A custodian is a person or institution that is responsible for holding and protecting assets, such as money, securities, or other valuable items, on behalf of another individual or organization. Custodians are often used in financial and legal contexts to ensure the safe and secure management of assets.
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     custodian - Meaning in law and legal documents, Examples and ...

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   What does a custodian do?

   • Custodians are responsible for the holding and safeguarding of assets belonging to clients. A custodian's fiduciary obligation is to the client, which means the custodian must establish a robust network of systems and controls to prevent the loss or diminution of client assets.

   Custodians | FCA - Financial Conduct Authority

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   What is a custodian bank?

   • A custodian bank is a financial institution that holds customers' securities for safekeeping to prevent them from being stolen or lost. The custodian may hold stocks, bonds, or other assets in electronic or physical form on behalf of its customers. Often, a custodian bank does more than provide asset protection.

   Custodian: What It Means in Banking and Finance - Investopedia

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   Can a custodian be an individual?

   • Yes, a custodian can be an individual. Other types of firms, such as a law firm or an accounting firm, can be custodians, as well. Custodian banks play an important role in holding and protecting the financial assets owned by individuals and institutions.

   Custodian: What It Means in Banking and Finance - Investopedia

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   Who is a qualified custodian?

   • In cases where investment advisors are responsible for customer funds, the advisor must follow custody rules set forth by the SEC. In particular, the person or entity must be considered a qualified custodian. That limits the field to banks, registered brokers, registered dealers, and certain other individuals or entities.

   Custodian: What It Means in Banking and Finance - Investopedia

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3. www.legalbriefai.com › legal-terms › custodiancustodian - Meaning in law and legal documents, Examples and ...

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   A custodian, or caretaker, is a person or entity legally responsible for safeguarding, managing, and maintaining the well-being of someone or something, such as a child, property, or assets.

4. csdisco.com › blog › legal-hold-manage-custodiansLegal Hold Guide: How to Manage Custodians - CS Disco

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   Oct 23, 2023 · In a legal hold scenario, custodians are individuals who may have evidence related to the triggering event. Once you've completed your legal hold preparation checklist, it's time to build your list of custodians. This is key for several reasons: 1.

5. www.fca.org.uk › firms › authorisationCustodians | FCA - Financial Conduct Authority

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   Oct 18, 2023 · Custodians are responsible for the holding and safeguarding of assets belonging to clients. A custodian's fiduciary obligation is to the client, which means the custodian must establish a robust network of systems and controls to prevent the loss or diminution of client assets.

6. www.dentons.com › en › insightsDepositaries, Custodians, Sub-Custodians and Prime Brokers ...

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   Jan 30, 2020 · The updated UCITS Directive and AIFMD now set out the details that should be included in the contract between a depositary and any third party sub-custodian to which there has been a delegation of the custody function in relation to assets belonging to Fund clients.

7. www.callan.com › blog-archive › custodian-primerAn Explainer on the Role of Custodians in Institutional ...

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   A custodian is a specialized financial institution (typically, a regulated entity with granted authority like a bank) that holds customers’ securities for safekeeping in order to minimize the risk of their misappropriation, misuse, theft, and/or loss. A custodian has three primary responsibilities:

8. www.investopedia.com › terms › cCustodian: What It Means in Banking and Finance - Investopedia

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   Oct 19, 2023 · A custodian bank is a financial institution that holds customers' securities for safekeeping to prevent them from being stolen or lost. The custodian may hold...

9. www.handbook.fca.org.uk › handbook › CASSChapter 6 Custody rules - FCA Handbook

   www.handbook.fca.org.uk › handbook › CASS

   Custody rules. 6.1 Application. 6.1.1. R This chapter (the custody rules) applies to a firm: (1) [deleted] [deleted] (1A) when it holds financial instruments belonging to a client in the course of its MiFID business; (1B) when it is safeguarding and administering investments, in the course of business that is not MiFID business;