INMA 5.10.1 Firm-related distribution event

Each of the following is a firm-related distribution event for an investment business firm:

(a) the appointment of a liquidator, receiver or administrator or of a trustee in bankruptcy;
(b) an event in any jurisdiction equivalent to an appointment mentioned in paragraph (a);
(c) the withdrawal of the firm’s authorisation;
(d) the imposition or variation of a condition, restriction or requirement on the firm’s authorisation so that it is no longer permitted to hold client money.
Derived from QFCRA RM/2014-4 (as from 1st January 2015).