+Article 4 1.

Article 4 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 Council ( 5 );

(c) 

a bank authorised in a third country;

(d) 

a qualifying money market fund.

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.

1. Panoramica

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1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

Requisiti

3. Standard correlati

Standard