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CL-1.1.14

Past version: Effective from 18 Jul 2025 to 30 Jun 2007
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An investment firm licensee must not hold money other than client money in a client bank account unless it is:

(a) a minimum sum required to open the account or to keep it open;
(b) money temporarily held in the account in accordance with the mixed remittance rule stated in CL-1.1.16;
(c) interest credited to the account which exceeds the amount due to clients as interest and which has not yet been withdrawn by the investment firm licensee.