client settlement account definition

client settlement account means a client bank account of a Class 2 licenceholder which is used solely to hold the net balance required for the settlement of transactions for clients (“clients’ settlement money”) and which includes in its title the words “client settlement account” or acceptable abbreviation as detailed in rule 3.10 ;
client settlement account means a client bank account of a Class 2 licenceholder which is used solely to hold the net balance required for the settlement of transactions for clients (‚clients’ settlement money‛) and which includes in its title the words