Lehman Client Money Judgement

17th May 2012 - 1:55 pm

The Lehman Client Money Judgement: Client Money Segregation

Following the recent Lehman client money judgement handed down by the English Supreme Court on 29 February 2012, the Anson Group has reviewed its own internal systems and controls for its handling of client money and found them to be wholly compliant with the best practice suggested.

Anson Group has always taken the view that client money is held on statutory trust from the time of receipt, rather than from the time segregation of the client money occurs. All of Anson Group’s operating companies’ client bank accounts and supporting accounting ledgers are reconciled daily.

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