Protection of Assets (Insurance Companies) Regulations

8 A company shall, on a daily basis, deposit any net amount received by the company as a result of any security transaction in an account kept by the company

• (a) in the company;

• (b) with a financial institution that is authorized to accept deposits by a law of the jurisdiction where the financial institution is carrying on business;

• (c) with a trust company that is authorized to hold money in trust by a law of the jurisdiction where the trust company carries on business;

• (d) with the government of the jurisdiction in which the company is carrying on business, or with an agency thereof that is authorized to act as a custodian of securities; or

• (e) with CDS Clearing and Depository Services Inc.