Related provisions for LR 15.4.3A
121 - 125 of 125 items.
For a scheme involving long-term insurance business, the report should:(1) describe the effect of the scheme on the nature and value of any rights of policyholders to participate in profits;(2) if any such rights will be diluted by the scheme, how any compensation offered to policyholders as a group (such as the injection of funds, allocation of shares, or cash payments) compares with the value of that dilution, and whether the extent and method of its proposed division is equitable
A firm,
when acting in accordance with CASS
5.3 (statutory trust), must ensure
that the total amount of client money held
for each client in any of the firm'sclient
moneybankaccounts is positive and that no payment
is made from any such account for the benefit of a client unless
the client has provided the firm with cleared funds to enable the payment
to be made.
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