Regulatory Alerts2008-04-30
Instruction No. 2008-04 of April 30, 2008, on the segregation of client funds of investment firms, as amended by Instructions No. 2009-01 and No. 2009-02 of June 19, 2009, and Instruction No. 2011-I-18 of November 23, 2011
The Banking Commission mandates that investment firms holding client funds incidentally to their main activity must segregate these funds according to specific regulatory calculations. These firms are required to extract calculation data from their accounting systems, report it in thousands of euros using the designated CANTONNEM table, and submit this report to the Prudential Supervision and Resolution Authority quarterly. This instruction, which supersedes Instruction No. 2005-03, entered into force on December 31, 2008.
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