asset pool

  1. (1) (in RCB) (as defined in Regulation 1(2) of the RCB Regulations) an asset pool within the meaning of Regulation 3 of the RCB Regulations.
  2. (2) (in CASS 15) (in accordance with regulation 24(4) of the Electronic Money Regulations and regulation 23(18) of the Payment Services Regulations):

    1. (a) any relevant funds segregated in accordance with the segregation method;

    2. (b) any relevant funds held in a relevant funds bank account;

    3. (c) any funds that are received into a relevant funds bank account held at the Bank of England upon settlement in respect of transfer orders that have been entered into a designated system on behalf of payment service users, whether settlement occurs before or after the insolvency event;

    4. (d) any relevant assets held in a relevant assets account; and

    5. (e) the proceeds of an insurance policy or guarantee held for the purpose of the insurance or guarantee method.

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