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Rules of Practice 1994 (S.R. 1994, No. 229)
Requested:  27 Apr 2017
Consolidated as at:  17 Mar 2006

76. Indemnity cover during negotiations

If the Society has negotiated or entered into an agreement or arrangement relating to a scheme under rule 75, a firm is to take out and maintain any approved indemnity cover provided in that scheme for the period specified in the negotiation, agreement or arrangement –

(a) not later than one month after the date on which the negotiation is finalized or the agreement or arrangement is entered into, if a firm is carrying on business on that date; or

(b) not later than one month after the date on which the firm commences to carry on business, if a firm commences carrying on business after the date on which the negotiation is finalized or the agreement or arrangement is entered into.


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