The Personal Investment Management & Financial Advice Association (PIMFA)

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CP17 – 29 Client money & Unbreakable Deposits

PIMFA’s response to FCA CP17/29 Client money and unbreakable deposits, noting that our member firms are receiving feedback from banks that the 90 day limit for unbreakable deposits will not increase their appetite to hold client money and that a holding period of 95 days is required.
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The act of buying something such as a share in a company or other financial instrument with the hope of it increasing in value.
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