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OCTOBER 2011FINANCIAL MARKETS LAW COMMITTEEISSUE 147 CLIENT MONEY Reanalysis of legal uncertainty in the Financial Services Authorities Client Assets Sourcebook and arising from judicial decisions
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Issue 147 client money refers to the reporting requirement for firms to disclose information on client money holdings.
Firms that hold client money are required to file issue 147 client money.
Issue 147 client money can be filled out electronically through the designated platform provided by the regulatory body.
The purpose of issue 147 client money is to ensure transparency and accountability in handling client funds by firms.
Firms must report detailed information on client money holdings, transactions, and reconciliation processes.
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