Related provisions for CASS 7.15.27

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To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004 (From field only).

Money held in each general client bank account and client transaction account of the firm for the general pool or a sub-pool2must be treated as pooled and:(1) any shortfall in client money held, or which should have been held, in general client bank accounts and client transaction accounts for the relevant pool2, that has arisen as a result of the failure of the bank, must be borne by all the clients of that pool2 whose client money is held in such 2general client bank account