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MIR-4.7.16

The member 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 requirements; or
(c) Interest credited to the account which exceeds the amount due to clients as interest and which has not yet been withdrawn by the client or the member.
Adopted January 2010