Regulatory Alerts2023-03-17
Guidance on Client Money
The Abu Dhabi Global Market Registration Authority issued this guidance to clarify the operational requirements of the Client Money Rules for Licensed Firms. It mandates the strict segregation of client funds in designated accounts, outlines procedures for pooled accounts, and requires quarterly reporting and regular reconciliation of balances. Additionally, firms must conduct independent annual reviews of their client money controls to ensure proper safeguarding against misuse or loss.
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