Custom print

BC-2.7.18

Past version: Effective up to 30 Jun 2007
To view other versions open the versions tab on the right

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.