A Trading Member must not, in relation to any assets or monies received from a retail customer, enter into any contract, arrangement or transaction of which the purpose or effect is to transfer any right, interest, benefit or title in those assets or monies to itself or any other person, unless:
- in the case of assets, the contract, arrangement or transaction is entered into in connection with borrowing or lending of the retail customer’s Specified Products;
- in the case of monies, the contract, arrangement or transaction is entered into in connection with lending of the retail customer’s Specified Products; and
- the Trading Member complies with the relevant laws in relation to the borrowing or lending (as the case may be) of the retail customer’s Specified Products.
Added on 1 April 2025