Examples of Client Money Distribution Rules in a sentence
Following a Distribution Event, an Authorised Firm must comply with the Client Money Distribution Rules and all Client Money will be subject to such Rules.
Where the Authorised Firm is a Bank and holds the Client's Money as a Deposit in accordance with (a) above, it must prior to providing the Investment Business in respect of that Money notify the Client in writing that: (a) the Money held by the Authorised Firm is held as a Deposit and will not be subject to the Client Money Rules; and (b) in the event that the Authorised Firm fails, the Client Money Distribution Rules will not apply.
The requirements in this COB 8.2.16 are the Client Money Distribution Rules (Investment Business) and to the extent that these Rules are inconsistent with the AIFC Insolvency Regulations, these Rules will prevail.
Following a Distribution Event, an Insurance Intermediary or Insurance Manager must comply with the Client Money Distribution Rules and all Client Money will be subject to such Rules.
If the Custodian fails, the Client Money Distribution Rules set out in Chapter 7A of the Client Assets Sourcebook of the FCA rules will not apply to such cash and the Issuer will not be entitled to share in any distribution under the Client Money Distribution Rules.