COBS 7.11.15

An Insurance Intermediary who has a credit balance for a Client who cannot be traced must not take credit for such an amount except where:

(a) he has taken reasonable steps to trace the Client and to inform him that he is entitled to the money;
(b) at least six years has passed from the date the credit was initially notified to the Client; and
(c) Rule 7.11.6(f) will continue to be satisfied after the withdrawal of such money.