COBS 15.4.2

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 Financial Services Permission 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 Authorised Person in the form of a Domestic Firm, the Authorised Person; or
(ii) if an Authorised Person in the form of a Branch, a Nominee Company controlled by the Authorised Person; and
(d) includes the words "Client Account" in its title.
Amended on (3 February, 2020).