GR-15.1.3
(a) Held in a segregated client money account ;
(b) Used only for the purposes for which the licensee received it from its customers ;
(c) Not used for licensee’s own use or given as collateral for any purpose to a third party or be subject to any restrictions; and
(d) Reported as a separate balance sheet item in the licensee’s financial statements specifying also the nature and purpose for which such funds are held on behalf of its customers .
Added: April 2023