What are the Client Asset Requirements?
The Client Asset Requirements (CAR) are applicable to Quilter Cheviot Europe Limited (QCE) pursuant to the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Investment Firms) Regulations 2023 (the Regulations). The CAR are contained within Part 6 of the Regulations. They are the legislative rules that QCE must follow in safeguarding your assets and form part of the Central Bank of Ireland’s client asset protection regime which was first introduced under the European Union (Markets in Financial Instruments) Regulations 2017 (MiFID Regulations).
The CAR are designed to ensure that investment firms holding client assets have the necessary processes and controls in place to safeguard and protect those assets.
Under the client asset protection regime, client assets consist of both funds and financial instruments.
Client funds means any funds to which you are beneficially entitled in relation to investment services, i.e., cash that QCE holds for you in connection with the services provided to you. This includes electronic receipts, cheques, or other payable orders.
Client financial instruments generally means all types of securities such as equities, bonds, units in collective investment schemes and other non-cash assets held by QCE on your behalf.
Where can I find more information on how QCE protects my assets under CAR?
Details on how your client assets are held by QCE is set out in the QCE terms and conditions which each of our clients are required to consent to before an account is opened.
In addition to the disclosures set out in the QCE terms and conditions, we have also produced a Client Assets Key Information Document (CAKID).
The CAKID sets out more detail on QCE’s arrangements for the safekeeping and administration of your assets and the protections afforded to them in accordance with the regulatory requirements in Ireland. It also sets out the details of any residual risks along with the procedures in place in order to mitigate those risks.
A copy of QCE’s CAKID is provided to all clients and can be accessed below.
Where are my client assets held by QCE?
Third Parties with whom QCE may place client assets are set out below:
Third parties* where QCE may hold your client funds:
| Name | Registered Office | Website | Types of Accounts held | Related Party |
| Bank of Scotland PLC |
The Mound |
www.bankofscotland.co.uk | Pooled Account | No |
| The Governor & Company of the Bank of Ireland | 40 Mespil Road Dublin 4 |
www.bankofireland.com | Pooled Account | No |
| HSBC Continental Europe, Ireland |
38 Avenue Kleber |
www.hsbc.fr | Pooled Account | No |
| Bank of New York Mellon SA/NV, Dublin Branch |
Multi Tower |
www.bnymellon.com | Pooled Account | No |
| The Bank of New York, London Branch | One Canada Square London E14 5AL UK |
www.bnymellon.com | Pooled Account | No |
Third parties* where QCE may hold your client financial instruments:
| Name | Registered Office | Website | Types of Accounts held | Related Party |
| Euroclear UK & International Limited** |
33 Cannon Street |
www.euroclear.com | Pooled Account | No |
| Bank of New York Mellon SA/NV, Dublin Branch |
Multi Tower |
www.bnymellon.com | Pooled Account | No |
*Clients should be aware that this list of third parties with whom QCE may place client assets is subject to change from time-to-time. Any required updates and changes to this webpage will be made as soon as practicable.
**Assets at Euroclear UK & International Limited are registered in the name of QCE’s nominee company, Pembroke Quilter (Ireland) Nominees Limited.