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CL-1.1.12

Past version: Effective from 19 Jul 2025 to 30 Jun 2007
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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, only if:

(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.