Client Money Distribution Rules definition

Client Money Distribution Rules means the client money distribution rules as set out in Chapter 7A of the Client Assets Sourcebook.
Client Money Distribution Rules shall have the meaning specified in Article 30(c).
Client Money Distribution Rules means the FCA Rules in relation to client money distribution from time to time.

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.


More Definitions of Client Money Distribution Rules

Client Money Distribution Rules means the rules of the Regulatory Authorities which seek to facilitate the timely return of client money to a client in the event of the failure of a firm or third party at which the firm holds client money;
Client Money Distribution Rules has the meaning specified in Section 48 hereof.
Client Money Distribution Rules means the provisions of the Rules relating to the distribution of client money;
Client Money Distribution Rules has the meaning assigned thereto in Section 31(b) hereof. 10 The definition ofChange in Control” was amended by Amendment No. 1, dated as of September 24, 2021.
Client Money Distribution Rules means CASS 7A of the FCA’s Client Assets Sourcebook setting out the client money distribution rules.
Client Money Distribution Rules has the meaning assigned thereto in Section 31(b) hereof. “Client Money Rules” has the meaning assigned thereto in Section 31(a) hereof. “Collateral” has the meaning assigned thereto in Section 8(c). “Completion Fee” means, with respect to each Participation Certificate, an amount equal to the Discount plus the Net Carry Adjustment, less any reduction pursuant to Section 5(b), which amount shall be payable to Seller by Purchaser in two installments as provided in Section 4(a), the Initial Completion Fee Installment and the Final Completion Fee Installment, as 11 The definition ofBenchmark Transition Event” was amended by Amendment No. 1, dated as of September 24, 2021, and Amendment No. 2, dated as of April 28, 2022. 12 The definition of “Business Day” was amended by Amendment No. 2, dated as of April 28, 2022. 1013 The definition of “Change in Control” was amended by Amendment No. 1, dated as of September 24, 2021.
Client Money Distribution Rules means the client money distribution rules set out in Chapter 7A of the Client Assets Sourcebook. “Client Money Rules” means the client money rules set out in Chapter 7 of the Client Assets Sourcebook of the FCA Rules.