INMA 5.5.11 Approved representatives and non-QFC intermediaries — payment into client bank accounts

An investment business firm must take reasonable steps to ensure that client money received by an approved representative or non-QFC intermediary of the firm is paid into a client bank account of the firm as soon as possible after it is received but within 1 business day after the day on which it is received.

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