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Amwelladmin (talk | contribs) (Created page with " {{cassprov|7.11.25}} (1) Money is not client money when it becomes properly due and payable to the firm for its own account.<br /> (2) For these purposes, if a firm makes a p...") |
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{{cassprov|7.11.25}} (1) Money is not client money when it becomes properly due and payable to the firm for its own account.<br /> | |||
(2) For these purposes, if a firm makes a payment to, or on the instructions of, a client, from an account other than a client bank account, until that payment has cleared, no equivalent sum from a client bank account for reimbursement will become due and payable to the firm. | (2) For these purposes, if a firm makes a payment to, or on the instructions of, a client, from an account other than a client bank account, until that payment has cleared, no equivalent sum from a client bank account for reimbursement will become due and payable to the firm. |