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client bank account

(1) (other than in CASS 7 and principally inCASS 4 and CASS 5):52

  1. (a) an account at a bank which:
    1. (i) holds the money of one or more clients;
    2. (ii) is in the name of the firm;
    3. (iii) includes in its title an appropriate description to distinguish the money in the account from the firm's money; and
    4. (iv) is a current or a deposit account; or
  2. (b) a money market deposit of client money which is identified as being client money.3

52(2) (in CASS 7) 52

  1. (a) an account at a bank which:52
    1. (i) holds the money of one or more clients;52
    2. (ii) is in the name of the firm; and52
    3. (iii) is a current or a deposit account; or52
  2. (b) a money market deposit account of client money which is identified as being client money.52