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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 1 July 2023 - onwards
  Version 3 of 3    

Regulation 62 Client consent requirements

Revoked from 1 July 2023

(1) An investment firm shall obtain the prior written consent of a client in the following circumstances, as applicable:

(a) where granting to another person a lien, security interest and/or right of set-off over client assets;

(b) with respect to the arrangements for the giving and receiving of instructions by, or on behalf of, the client and any limitations to that authority, in respect of the provision of safe-keeping services which it provides;

(c) where client assets are deposited with a third party outside the State;

(d) where a client instructs an investment firm to deposit client assets with a specific third party that does not meet the investment firm's internal risk assessment;

(e) when client assets are to be held in a pooled account with a third party;

(f) where interest earned on client funds in a third party client asset account is to be retained by the investment firm;

(g) where client financial instruments are to be deposited with a third party in a third country t

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