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  • Right to Realise a Retail Client's Assets

    • BC-2.7.18

      Investment firm licensees must not realise a retail client's assets, unless it is legally entitled to do so, and has either:

      (a) Set out in the terms of business:
      (i) The action it may take to realise any assets of the retail client;
      (ii) The circumstances in which it may do so;
      (iii) The asset (if relevant) or type or class of asset over which it may exercise the right; or
      (b) Given the retail client written or oral notice of its intention to exercise its rights before it does so.
      Amended: January 2007