INMA 5.3.6 Money that is not client money — money from associate

(1) Money received from an associate of an INMA firm is not client money of the firm.

Note Associate means another firm in the same corporate group — see the glossary.
(2) However, money received from an associate of an INMA firm is client money if the associate notifies the firm in writing that the money is to be held by the firm on behalf of a person who is not in the same corporate group as the firm.
Derived from QFCRA RM/2014-4 (as from 1st January 2015).