Where are my funds held (as an individual)?

Any funds that are not invested are at all times kept in separate client accounts that are ring-fenced.

Any funds that are not invested are at all times kept in separate client accounts that are ring-fenced (i.e held in trust by Metro Bank Plc and Natwest Bank Plc) so it does not belong to Kuflink but remains the clients’ money.
The FCA set out strict rules for the protection of client’s money for these reasons:

  1.  Rules of CASS 7 (Client Money)  protects consumers’ assets and money when a firm fails

  2. Client Money rules enhance the integrity of the financial system by giving participants confidence that their money is protected upon insolvency; and

  3. the CASS rules set a minimum standard of protection that allows for a competitive market in investment and custodial services – not competing on levels of protection but on cost and the quality of services provided