INMA 5.1.1 Introduction

(1) This Chapter sets out the rules about which INMA firms can deal with customers' money in the course of carrying on business in relation to relevant investments. Only an investment business firm (defined in rule 5.1.2) is permitted to hold customers' money.

Note Relevant investment is defined in the glossary.
(2) The Chapter covers how such money must be safeguarded and accounted for, including what kinds of bank accounts the firm may establish or use, and what happens if the firm itself or another firm that holds customers' money becomes insolvent.
Derived from QFCRA RM/2014-4 (as from 1st January 2015).