Custody definition

Custody means holding, directly or indirectly, client funds or securities, having any authority to obtain possession of client funds or securities, or having the ability to appropriate client funds or securities. The investment adviser has custody if a related person holds, directly or indirectly, client funds or securities, or has any authority to obtain possession of them, in connection with advisory services the investment adviser provides to clients.

Examples of Custody in a sentence

  • Custody of drawings Classified drawings One copy of Drawing to be kept on site.

  • Under the Depositary Agreement the Depositary will be liable to the Company for any loss of Financial Instruments held in Custody or for any liabilities incurred by the Company as a result of the Depositary’s negligent or intentional failure to fulfil its obligations.

  • This Agreement constitutes the entire agreement between the parties with respect to your access and use of your Account, the Exchange or Custody.

  • Any fees due and payable to Paxos may either (i) be included in the total price of any transaction to buy or sell crypto assets or any Custody fees charged by App Provider or (i) be collected by or paid by App Provider.

  • Due Diligence on the Source and Chain of Custody of Conflict Minerals 5 4.


More Definitions of Custody

Custody means involuntary detention under the provisions of this chapter or chapter 10.77 RCW, uninterrupted by any period of unconditional release from commitment from a facility providing involuntary care and treatment;
Custody with regard to the division, means the custody of a minor in the
Custody with regard to the division, means the custody of a minor in the division as of the date of disposition.