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Legislation enables Reclaim Fund Ltd to accept client money that is held by firms with permission under Part 4A of FSMA 2000 to carry on any activities.
Eligible client money is cash held in connection with these regulated activities. Unclaimed client money is defined as dormant after the owner has ‘gone-away’ for 6 years.
Work is underway to open the Dormant Assets Scheme to include these in due course.
Get in touch with the team to join the waitlist and find out as soon as we are ready to help you unlock the potential of dormant assets.