IMEB 1.2.10 When Does a Firm Hold Money?
For these rules, a firm holds money if the money is held—
(a) directly by the firm; or
(b) in an account in the firm's name; or
(c) by a person, or in an account in the name of a person, controlled by the firm.
|Derived from QFCRA RM/2011-3 (as from 1st July 2011)|