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How does Regent FE safeguard client funds?

Regent FE follows a daily reconciliation and safeguarding process. All client money is reconciled daily as part of the end-of-day process and kept overnight in designated safeguarding accounts with UK (United Kingdom) and EU banks. 

This process has three checks:

  1. Client funds are segregated from Regent FE own funds
  2. The client balances are reconciled on the daily basis
  3. Senior management approves the reconciliation of accounting balances and cash balances
  4. Senior management confirms the transfer of funds from segregated accounts into the safeguarding accounts at the end of each business day

Our main Safeguarding provider is Clearbank, a UK credit institution.  ClearBank Ltd. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 754568). Registered Address: ClearBank, Borough Yards, 13 Dirty Lane, London, SE1 9PA.

Our Risk Management Committee reviews counterparty arrangements and monitors them on a regular basis.

To find out more about how we protect your money please contact your Account manager.

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