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CL-1.1.12

An investment firm licensee may allow an eligible third party, such as an exchange, a clearing house or an intermediate broker, to hold or control client money:

(a) The investment firm licensee transfers the client money
(i) For the purpose of a transaction for a client through or with that eligible third party; or
(ii) To meet a client's obligations to provide collateral for a transaction;
(b) In the case of a retail client, that client has been notified in writing that the client money may be transferred to the other person.
Amended: January 2007