INMA 5.5.1 Client bank account

A client bank account of an investment business firm is a bank account maintained by the firm with an eligible bank as a bank account for client money received from 1 or more of the firm's customers.

Note Advisory firms are not allowed to hold client money (see rule 5.1.3).

Derived from QFCRA RM/2014-4 (as from 1st January 2015).