INMA 5.5.9 INMA 5.5.9 Client money received in different currency
If an investment business firm receives client money in a currency other than the currency in which the firm’s client money account is denominated, the firm must convert the money into the currency of the account within 1 business day after receiving it.
Derived from QFCRA RM/2014-4 (as from 1st January 2015).
INMA 5.5.9 Guidance
Firms should not speculate with client money on the currency markets.
Amended by QFCRA RM/2019-4 (as from 1st January 2020).