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Chapter: | 571I
![]() | Title: | SECURITIES AND FUTURES (CLIENT MONEY) RULES | Gazette Number: | L.N. 202 of 2002; L.N. 12 of 2003 |
| Section: | 9 | Heading: | Receipt of cheques for client money | Version Date: | 01/04/2003 |
For the purposes of section 4(3)(a) and (4), a licensed corporation or an associated entity of a licensed corporation that receives a cheque for an amount of client money is regarded as having received such amount only upon receipt by it of the proceeds of that cheque.