Contents
1.Member States shall require investment firms, on receiving any client funds, promptly to place those funds into one or more accounts opened with any of the following:
(a)a central bank;
(b)a credit institution authorised in accordance with Directive 2013/36/EU of the European Parliament and of the Councilnote;
(c)a bank authorised in a third country;
The first subparagraph shall not apply to a credit institution authorised under Directive 2013/36/EU in relation to deposits within the meaning of that Directive held by that institution.
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