The following 2 statutory clauses should be referred to for this risk.

 The CASS statutory trust CASS 7.17  and the Client Money Distribution rules CASS 7A .

This means that on a firm’s insolvency, whatever client money it holds should not be part of its general estate. Instead, all clients’ money held by the firm is pooled on the commencement of an insolvency proceeding and is held on trust only for clients, such that each client can make a claim on that client money pool. Therefore, under this protection, the administrator will manage the return of funds to the clients.