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COB A5.5.2

An Authorised Firm must pay Client Money of the type described in COB Rule A5.5.1(b) or (c) into a Client Account where it has not fulfilled its delivery or payment obligation within three days of receipt of the Money or Investments unless in the case of the type of Client Money referred to in COB Rule A5.5.1(c)(ii) it instead safeguards Client Investments at least equal to the value of such Client Money.

Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]