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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 3 January 2018 - onwards
  Version 3 of 3    

Regulation 90 Accounts subject to investment firm security interest

Revoked from 3 January 2018

An investment firm shall inform the client -

(a) about the existence and the terms of any security interest or lien which the firm has or may have over the client's financial instruments or funds,

(b) about any right of set-off the firm holds in relation to the instruments or funds, and

(c) if applicable, about the fact, if any, that a depository may have a security interest or lien over, or right of set-off in relation to those instruments or funds.

Comparing proposed amendment...