INMA 5.10.3 Duty to notify distribution events

An investment business firm must have procedures to ensure that the Regulatory Authority and the firm’s customers are promptly informed of:

(a) any firm-related distribution event; or
(b) any third-party-related distribution event in relation to:
(i) an eligible bank with which the firm maintains a client bank account for money received from those customers; or
(ii) an eligible third party to which the firm pays client money of those customers.
Derived from QFCRA RM/2014-4 (as from 1st January 2015).