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CL-2.2.1

Except as otherwise indicated, in order to ensure adequate protection of client moneyG , insurance brokersG and appointed representativesG must follow one of two approaches or a mix of both for holding client moneyG :

(a) Transfer the risk from the insurance brokerG to the insurance firm(s)G ; or
(b) Segregate client moneyG into client money accountsG that cannot be used to reimburse other creditors if an insurance brokerG or appointed representativeG fails.
April 2012
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(1 Version)
 
Apr 1 2012 onwards
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