Regulations Governing Custody and Investment of Funds by Securities Firms on Behalf of Customers Article 3

A securities firm keeping custody of and investing funds on behalf of customers shall do so using a cash management account, and shall keep customer funds segregated from the securities firm's own proprietary assets. Neither the funds nor the investment instruments of such a cash management account may be used for other purposes.No creditor with respect to a debt against a securities firm's proprietary assets may demand attachment or exercise any other rights against the funds or the investment instruments in the cash management account of the preceding paragraph.A securities firm shall set up separate customer ledgers within the cash management account of paragraph 1 and record therein on a daily basis all fund payment and receipt transactions and matters related to investment of the funds.