Custom print

CL-2.2.1

Past version: Effective from 01 Apr 2012 to 30 Jun 2023
To view other versions open the versions tab on the right

Except as otherwise indicated, in order to ensure adequate protection of client money, insurance brokers and appointed representatives must follow one of two approaches or a mix of both for holding client money:

(a) Transfer the risk from the insurance broker to the insurance firm(s); or
(b) Segregate client money into client money accounts that cannot be used to reimburse other creditors if an insurance broker or appointed representative fails.
April 2012