INMA 5.5.6 Fiduciary duties of firm

(1) The fiduciary duties of an investment business firm over client money continue until the money ceases to be client money under rule 5.7.2 (Certain payments out of client bank account to discharge fiduciary duties).
(2) However, the fiduciary duties of a firm over client money do not cease if the money is transferred to an eligible third party.
Derived from QFCRA RM/2014-4 (as from 1st January 2015).