INMA 9B.1.9 Aggregation of customer orders — allocation
(1) This rule applies if:
(a) an INMA firm aggregates a transaction for a customer order for a customer with transactions for customer orders for other customers or with own account transactions; and
(b) part or all of the aggregated order is filled.
(2) The INMA firm must promptly allocate the relevant investment involved in the aggregated order in accordance with rule 9B.1.10 (1).
(3) To allocate a relevant investment promptly, an INMA firm:
(a) must allocate the relevant investment within 1 business day; or
(b) if only business customers or market counterparties are affected by the allocation and each of them agrees — must allocate the relevant investment within 5 business days.
|Inserted by QFCRA RM/2019-4 (as from 1st January 2020).|