110. Protection of client’s assets

do so on the basis that the money or other assets shall be applied solely for such purpose as may be agreed to by the client when or before it receives the money or other assets;

shall hold money and other assets received on account of a client in trust for the benefit of such client;

shall not commingle money received on account of a client with its own funds or use such money as margin or guarantee for, or to secure any transaction of or to extend credit of any person other than the client; and

record and maintain a separate book entry for each client in accordance with the provisions of this Part or any rules that may be specified under subsection (2) in relation to that client’s money or other assets.

shall not be available for payment of debts of the market intermediary; and

shall not be liable to be paid or taken in execution under an order or a process of any court in respect of any liability of that market intermediary.