INMA 5.9.5 Duty to rectify discrepancies

(1) An investment business firm must investigate and rectify any discrepancy discovered by a calculation, reconciliation or review under this Division unless the discrepancy is solely because of timing differences between the accounting systems of the firm and the bank concerned.
(2) If appropriate, the firm must rectify such a discrepancy by paying money into or out of the relevant client bank account. The firm must do so as soon as possible, but within 1 business day after the discrepancy is discovered.
Derived from QFCRA RM/2014-4 (as from 1st January 2015).