A trustee firm
may wish to make an election under CASS 7.1.15J R
if, for example, it acts for a number of distinct trusts which it wishes, or is required, to keep operationally separate. If a firm
makes such an election then it should:
(1) establish and maintain adequate internal systems and controls to effectively segregate client money held for one trust from client money held for another trust; and
(2) conduct internal client money reconciliations as set out in CASS 7 Annex 1 and external client money reconciliations under CASS 7.6.9 R for each trust.