Part 6Licensing and other regulation of market services
Regulation of client money or property services: Obligations for handling client money and client property
431ZGRestrictions on use of client money and client property
A person must not use or apply client money or client property received or held on trust for a client by a provider in any way except—
- as expressly directed by the client (either generally or specifically); or
- in accordance with section 431ZC (which relates to payment of client money into a trust account).
Compare
- 2008 No 91 s 77S
Notes
- Section 431ZG: inserted, on , by section 29 of the Financial Services Legislation Amendment Act 2019 (2019 No 8).


