CmaBylaw
Executive Bylaws
3-2 Transfer to other Agencies Of Module Seven: Clients’ Funds and Clients’ Assets
Section: Chapter Three: Client’s Funds
-
Sunday, 05 February 2017
A Licensed Person may transfer Clients’ funds to third parties such as a Clearing Agency for the purpose of fulfilling the Clients’ obligations arising from Securities transactions, provided that such transfers shall be limited to the amount necessary for such fulfilment. A Licensed Person shall ensure that an entity receiving Clients’ funds keeps the same in an independent and separate account designated for the Licensed Person’s Clients.
Related pages - By Law
Related Pages
CmaSideNavigation
In this section

We use cookies to ensure you get the best experience on our website.