Client Money Handling Regulations are consists of when a firm holds or receives for or from a client, including money held by a firm as stakeholder.
All money which is client money must be held in a client bank account separate from other accounts of the firm, which may be in a general client account.
The client money handling provisions apply not to money paid to acquire an interest in a product.
Client Money handling Management is an ideal solution for organisations managing their clients' money across multiple accounts.
For more detailed information on the topic, read our Blog:-