(1) Investor money may only be held by a fund service provider in a third party collection account maintained by the fund service provider at a third party.
(2) For the purposes of this Part, a fund service provider is deemed to hold investor money where the investor money has -
(a) been deposited into a third party collection account,
(b) the fund service provider has the capacity to effect transactions on that third party collection account.
(3) Any investor money received shall be deposited into a third party collection account without delay and in any event not later than one working day after the receipt of such money.
(4) Where a fund service provider receives money that is comprised of a mixture of investor money and other money, the fund service provider shall first pay all of the investor money and other money into a third party collection account of that fund service provider and, thereafter shall, without delay, transfer out of or withdraw from the third party collectio