All acknowledgement letters must be based on the published FCA templates: Learn more about our. Another name for acknowledgment letters is a letter of … Appendix E to Part 30 - Acknowledgment Letter for CFTC Regulation 30.7 Customer Secured Account; 17 CFR Appendix E to Part 30 - Acknowledgment Letter for CFTC Regulation 30.7 Customer Secured Account . clients' money as defined by the FCA Handbook must be dealt with in accordance with ... designated by the name of a specific client or by a number or letters allocated to that account and which, in all cases, includes the word client in its title. Therefore, be compassionate and make it clear to the customer that you understand. This FAQ provides further guidance on the requirement for intermediaries and authorised institutions to prepare and sign client asset acknowledgement letters as set out in the circular, “New measure to protect client assets”, issued by the Securities and Futures Commission on 8 July 2019. Bank accounts that are setup to hold segregated client money must be properly done so, with the correct notifications having been sent to the Bank and Trust Acknowledgement Letters obtained. Sep 26, 2017 - Formally, whenever you receive payment or money from your customer or client, it is important to send acknowledgement receipt of full payment. Some of the instances when acknowledgment letters should be written include responding to a request for a donation, confirming a receipt of orders, or acknowledging a receipt of a package. 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Intermediaries are reminded of their regulatory obligations to ensure that client assets are adequately safeguarded, pursuant to paragraph 11.1(a) of the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission. The letter should also be sent immediately to the customer so that he/she can visit the shop soon and claim their money back. 4.8, 3438 votes. Its a format template acknowledgement letter for receipt of payment can be used as submit fee or paid cheque or cash amount for any official or personal purpose. Whilst overseas client assets might fall outside the ambit of the Securities and Futures (Client Money) Rules and Securities and Futures (Client Securities) Rules, intermediaries should perform due diligence to assess and ensure that client assets held overseas are adequately protected by the relevant rules and regulations in the corresponding jurisdiction. Knowing this, it can be a struggle to find the right kind of words to say, let alone the right format to use. The client asset acknowledgment letter is applicable to and required for the following types of Client Asset Accounts which are opened with AIs in the name of intermediaries: (a) accounts for holding client money; (b) accounts for holding client securities; and (c) accounts for holding non-repledged clients’ securities collateral. Suggestions? An acknowledgement letter should clearly indicate the intent to write that letter, the subject matter must be precise and unambiguous. 1/30/20XX (Date of letter to donor) Dear John and Joan, Thank you for your contribution to Save Our Charities (SOC) in support of our mission to provide advisory and training services that help charitable organizations be more effective. You should ensure the following: That the account name of any client money account has the word “client” or “client money” within it; and You can modify this format as your requirement.] A Debt Acknowledgment Form, also sometimes called a Debt Acknowledgment Letter, is a document signed by one primary party, the debtor, as an acknowledgment of a specific amount of money owed to another party, the creditor. Share This! Failing to correctly execute an acknowledgement letter could weaken this protection. Format for Acknowledgement Letter for Money Receipt Formally, whenever you receive payment or money from your customer or client, it is important to send acknowledgement receipt of full payment. 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