Examples of Client Money Regulations in a sentence
Account to pay to any Broker, Clearing House, Exchange or other parties all margins, premiums and other sums on futures and options Contracts demanded or due from us in respect of our clients, and for any other purposes allowed under the Client Money Regulations.
This means that money held in our Client Money bank accounts is pooled and distributed pari passu to meet the claims of all customers who are entitled to protection under the Client Money Regulations.
We may invest any moneys in a CMTA according to the Client Money Regulations and you irrevocably authorize us to make such investments.
We will credit all sums received from you for the benefit of your Account, in an approved bank account in accordance with the Financial Services (Client Money) Regulations.
Any assets which State Street holds in the form of money shall not be treated by State Street as the Clients' Money as defined by The Financial Services (Client Money) Regulations 1991 of the United Kingdom as amended (the "Clients' Money Regulations") and will not be held in accordance with the Clients' Money Regulations or such other regulations as shall amend or replace the Clients' Money Regulations from time to time.
Money may be spread between different banks in order to diversify riskto client money arising from failure of banks, inaccordance with FCA regulations, guidance or best practice.1.2 Reyker will deposit and hold Investor Client Money in one or more segregated, pooled client bank accounts, with trust status with any banking institution of Reyker’s choice that is approved by or permittedby the FCA and/ or PRA in accordance with FCA’s Client Money Regulations.
For the avoidance of doubt, Counterparty is advised that any Collateral Paid or Delivered to the Secured Party or to any agent for the safekeeping of the Secured Party will not be treated as a safe custody investment nor as client money within the terms of the Client Money and Other Asset Rules of SFA or The Financial Services (Client Money) Regulations 1991 and the Financial Services (Client Money) (Supplementary) Regulations 1991.
Some banks, carrying brokers and/or counter-parties to OTC FX are required to provide the following statement pursuant to rule 2.02(3) of the Securities and Investments Board's Financial Services (Client Money) Regulations 1991 to draw attention to the following: "Your money will not be subject to protections conferred by the Financial Services (Client Money) Regulations 1991 as amended from time to time." Important Information Regarding Procedures For Opening a New Account.
By: /s/ Xxxxx Xxxxxxxx By: SCCP, LLC Name: Xxxxx Xxxxxxxx Its: General Partner Title: President and Chief Executive Officer By: /s/ Xxxxxxxx X.
This means that money held in our Client Money bank accounts is pooled and distributed PARI PASSU to meet the claims of all customers who are entitled to protection under the Client Money Regulations.