RTS on segregated accounts for client money protection (Reg 2019/2033)

This regulation defines the technical standards for 'segregated accounts,' which are special accounts used to keep client funds separate from a firm's own money. This ensures that if an investment firm goes bankrupt, clients' assets are protected and can be returned more easily.

This affects investment firms, banks, and financial service providers. It provides greater security for individual and institutional investors by preventing their funds from being used to pay the firm's creditors.