SRA Handbook

Safekeeping of clients' investments

Version 19 of the Handbook was published on 1 October 2017. For more information, please click "History" above.

Rule 7: Safekeeping of clients' investments


Where a firm undertakes the regulated activity of safeguarding and administering investments, the firm must operate appropriate systems, including the keeping of appropriate records, which provide for the safekeeping of assets entrusted to the firm by clients and others.


Where such assets are passed to a third party:


an acknowledgement of receipt of the property should be obtained; and


if they have been passed to a third party on the client's instructions, such instructions should be obtained in writing.

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