IMEB 4.3.1 Guidance

A firm that has complied with its fiduciary duties is not required to make good any deficit. However, the firm may choose to do so in the interests of its relationship with clients (see rule 4.3.2).

Note Third party-related distribution event, client money and eligible bank are defined in the glossary.

Derived from QFCRA RM/2011-3 (as from 1st July 2011)