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Distribution Event

A distribution event is:

(a) the appointment of a liquidator, receiver or administrator, or trustee in bankruptcy, over the Authorised Firm or its Nominee Company;
(b) the appointment of a liquidator, receiver or administrator, or trustee in bankruptcy, over a Third Party Agent of the Authorised Firm or its Nominee Company; or
(c) the coming into force of a direction by the DFSA in respect of all Client Assets held by the Authorised Firm.

Derived from DFSA RM12/2004 (Made 16th September 2004). [VER1/09-04]