Related provisions for CASS 5.5.54
1 - 1 of 1 items.
A firm must
not hold, for a retail customer, client money in
a client bank account outside
the United Kingdom, unless
the firm has previously disclosed
to the retail customer (whether in its terms of business, client agreement or otherwise in writing):(1) that
his money may be deposited in
a client bank account outside
the United Kingdom but that
the client may notify the firm that he does not wish his money to be held in a particular jurisdiction;(2) that
in such circumstances,
If a client has
notified a firm in writing before
entering into a transaction that client money is
not to be held in a particular jurisdiction, the firm must
either:(1) hold
the client money in a client bank account in a jurisdiction to
which the client has not objected;
or(2) return
the client money to, or to the
order of, the client.