Section 21(3)

An account in which relevant funds or relevant assets are placed under paragraph (2) must— be designated in such a way as to show that it is an account which is held for the purpose of safeguarding relevant funds or relevant assets in accordance with this regulation; and be used only for holding those funds or assets , or for holding those funds or assets together with proceeds of an insurance policy or guarantee held in accordance with regulation 22(1)(b).

← 2 · All articles · 4 →

Source: legislation.gov.uk · retrieved 2026-09-04