IMEB 6.1.2 Records for relevant investments held as collateral

(1) A firm must keep adequate records to enable it to meet any future obligations to clients in relation to relevant investments, including any return of equivalent relevant investments to clients.
(2) If the relevant investments are received by the firm under an arrangement described in rule 6.1.1 (1) (b), this rule applies only if the firm has exercised its right to use the investments as if the client's entire legal and beneficial interest in them had been transferred to the firm.
Amended by QFCRA RM/2014-6 (as from 1st January 2015)