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Aug 21 2014 onwards

AUD A2.1.1

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The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

In producing a Client Money Auditor's ReportG , an AuditorG must state as at the date on which the Authorised Firm'sG audited statement of financial position was prepared:

(a) the amount of Client MoneyG an Authorised FirmG was holding and controlling in accordance with COB chapter 6 and with the Client Money ProvisionsG ; and
(b) whether:
(i) the Authorised FirmG has maintained throughout the year systems and controls to enable it to comply with the relevant provisions of COB chapter 6 and, if applicable, COB App5;
(ii) the Authorised Firm'sG controls are such as to ensure that Client MoneyG is identifiable and secure at all times;
(iii) any of the requirements in COB chapter 6 and the Client Money ProvisionsG have not been met;
(iv) if applicable, Client MoneyG belonging to Segregated ClientsG has been segregated in accordance with the Client Money ProvisionsG ;
(v) if applicable, the Authorised FirmG was holding and controlling the appropriate amount of Client MoneyG in accordance with COB chapter 6 and with the Client Money ProvisionsG as at the date on which the Authorised Firm'sG audited statement of financial position was prepared;
(vi) the AuditorG has received all necessary information and explanations for the purposes of preparing the report to the DFSAG ; and
(vii) if applicable, there have been any material discrepancies in the reconciliation of Client MoneyG .
Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]