IMEB 3.5.2 Only client money must be in client bank account

A firm must not hold money other than client money in a client bank account unless the money—

(a) is the minimum amount required to open the account or to keep it open; or
(b) is temporarily in the account in accordance with rule 3.4.3 (Obligation on receipt of amount that is part client money); or
(c) is excess interest that has not been paid out of the account; or
(d) is to meet any shortfall.
Derived from QFCRA RM/2011-3 (as from 1st July 2011)