Related provisions for IPRU-INV 2.4.4

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

IPRU-INV 2.4.2RRP
(1) If the aggregate value of client money and bonded investments a firm holds for a client is over £50,000 then the firm must ensure that it holds a bond for the excess over £50,000. (2) A firm must: (a) ensure that the bond is in the form prescribed by the FCA; (b) ensure that the person specified to act as trustee in the bond is a designated professional body or a solicitor practising as such in the UK; (c)