Receiving Agent definition
Examples of Receiving Agent in a sentence
This account will have trust status and will be kept separate from any money belonging to Us, the Receiving Agent or to the Depositary.
The Receiving Agent is not subject to the FCA’s client money rules and, therefore, any of Your monies held by the Receiving Agent will not receive the protections afforded by the FCA’s client money rules.
Should the Receiving Agent, the Cash Custodian or the Approved Bank become insolvent, We will claim on behalf of Our clients.
The Receiving Agent is obliged to hold Your subscription monies until the Receiving Agent has satisfactorily completed the requisite money laundering checks.
Applicants who do not have a Norwegian bank account must ensure that payment with cleared funds for the shares allocated to them is made on or before the Payment Date and should contact the Receiving Agent in this respect for further details and instructions.