Status: You are viewing the version of the handbook as on 2009-03-31.

client bank account

    (1) (other than in CASS 7 and CASS 7A and 79principally in CASS 5):52

      1. (a) an account at a bank which:
        1. (i) holds the money of one or more clients;
        1. (ii) is in the name of the firm;
        1. (iii) includes in its title an appropriate description to distinguish the money in the account from the firm's money; and
        1. (iv) is a current or a deposit account; or
      1. (b) a money market deposit of client money which is identified as being client money.3

    52(2) (in CASS 7 and CASS 7A)79 52

      1. (a) an account at a bank which:52
        1. (i) holds the money of one or more clients;52
        1. (ii) is in the name of the firm; and52
        1. (iii) is a current or a deposit account; or52
      1. (b) a money market deposit account of client money which is identified as being client money.52