INMA 5.5.3 Client bank account requirements
(1) A client bank account:
(a) must be a current or deposit account in an eligible bank in the name of the investment business firm that maintains the account; and
(b) must have the words ‘client bank account’ in its name.
(2) The account’s name must otherwise sufficiently distinguish it from an account that holds money belonging to the firm.
|Derived from QFCRA RM/2014-4 (as from 1st January 2015).|