(1) In advance of opening a third party collection account with a third party, a fund service provider shall enter into an agreement with the third party (in this Part to be known as an "Investor Money Facilities Agreement") and the terms of such Investor Money Facilities Agreement shall be that -
(a) the fund service provider and the third party acknowledge that money in the third party collection account is held by the fund service provider in trust for the relevant investors;
(b) the third party shall maintain a record of the money in the third party collection account separate from the fund service provider's own money and the money of the third party;
(c) the third party will designate the name of the third party collection account in its records as a "collection account" to make it clear that the investor money does not belong to the fund service provider;
(d) the third party is not entitled to combine the third party collection account with any other account and the third p