Common use of Client Money Provisions Clause in Contracts

Client Money Provisions. Being regulated by the DFSA, we are required under the DFSA Rules to ensure that the funds received by us from you are subject to the protection conferred by the DFSA’s Client Money Provisions, and therefore will be held on your behalf in one or more segregated bank accounts separately from our own funds. In the event of our insolvency, winding up or other Act of Insolvency, these funds will be subject to the DFSA’s ‘Client Money Distribution Rules’ as provided for under the DFSA Rules. Where we receive funds from you, they will initially be received into a non- segregated account. After receipt by us, if your Transaction has not yet completed, the funds will then be paid into the relevant segregated bank account(s) within one Business Day.

Client Money Provisions. Being regulated by the DFSA, we are required under the DFSA Rules to ensure that the funds received by us from you are subject to the protection conferred by the DFSA’s Client Money Provisions, and therefore will be held on your behalf in one or more segregated bank accounts separately from our own funds. In the event of our insolvency, winding up or other Act of Insolvency, these funds will be subject to the DFSA’s ‘Client Money Distribution Rules’ as provided for under the DFSA Rules. Where we receive funds from you, they will initially be received into a non- non-segregated account. After receipt by us, if your Transaction has not yet completed, the funds will then be paid into the relevant segregated bank account(s) within one Business Day.