Securities Markets Order, 2013 · s 192

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 192

(1)

A holder of a capital markets services licence shall, to the extent that he receives money or other assets from or on account of a client 1377

{a)

do so on the basis that the money or other assets shall be applied solely for such purpose as may be agreed to by the client, when or before he receives the money or other assets;

{b)

pending such application, pay or deposit the money or other assets in such manner as may be prescribed; and

{c)

record and maintain a separate book entry for each client in accordance with the provisions of this Order in relation to that client's money or other assets.