COBS 15.4.2

Past version: effective from 21/10/2015 - 02/02/2020
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A Client Account in relation to Client Investments is an account which:

(a) is held with a Third-Party Agent or by an Authorised Person which is authorised under its Licence to Provide Custody;
(b) is established to hold Client Assets;
(c) when held by a Third-Party Agent, is maintained in the name of:
(i) if an Abu Dhabi Global Market Firm, the Authorised Person; or
(ii) if not an Abu Dhabi Global Market Firm, a Nominee Company controlled by the Authorised Person; and
(d) includes the words "Client Account" in its title.