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Makes available the latest paragraphs for you to consider including in your Terms & Conditions.
text for Terms & Conditions:
T's & C's: Client Account Monies and Banking Failures
Change Date : 20/02/2025 | Word Count: 180 | Deployment Measure : 9/10
Rationale:
A set of paragraphs explaining that client account funds are held with various banks, and FSCS compensation limits may apply, depending on individual or company eligibility. In case of a banking failure, consent would be needed to share details with the FSCS.
Client account monies are deposited with various financial institutions, including {specify}. In line with guidance from the Law Society, it is unlikely that we would be held liable for losses
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