INMA 9B.1.14 Dealing and managing — realising retail customer's assets
An INMA firm must not realise a retail customer's assets unless it is legally entitled to realise the assets and has done either of the following:
(a) set out in the firm's terms of business for the customer:
(i) the action it may take to realise assets of the customer;
(ii) the circumstances in which it may take the action; and
(iii) each asset (if relevant) or type of asset over which it may exercise its rights to realise assets; or
(b) given the customer written or oral notice of its intention to exercise its rights at least 3 business days before it exercises them.
|Inserted by QFCRA RM/2019-4 (as from 1st January 2020).|