|571I||Title:||SECURITIES AND FUTURES (CLIENT MONEY) RULES||Gazette Number:||L.N. 202 of 2002; L.N. 12 of 2003|
|Section:||6||Heading:||Treatment of interest on client money held in segregated accounts||Version Date:||01/04/2003|
(1) Subject to subsection (2), a licensed corporation or an associated entity of a licensed corporation that holds client money of the licensed corporation shall deal with amounts of interest derived from the holding of the client money in a segregated account in accordance with section 5(1).
(2) Any amount of interest retained in a segregated account which the licensed corporation or associated entity that holds the client money in question is entitled to retain under an agreement in writing with a client of the licensed corporation, being the client on whose behalf the client money is being held, shall be paid out of the account by the licensed corporation or associated entity within one business day after-