Fedelta Trust Limited - Client Money Information Sheet
Tynwald has approved changes to the Financial Services Rule Book 2008 which affects the way that
information is provided to clients of financial services businesses. With effect from 1st January 2010 we
will be obliged to provide any client with a Client Money Information Sheet, prior to accepting any client
money for that client.
The objective is to ensure that clients of financial services businesses in the Isle of Man are made aware
of the effect of pooling of client money in certain circumstances in the event of a bank default. It is not
suggested that a bank will default but simply that clients are made aware of the impact such an event
We have set out below details that will be a regulatory requirement. We also believe it useful for you to
know where we presently maintain our general client bank account so that you can make your own
Isle of Man Bank Limited, 2 Athol Street, Douglas, Isle of Man IM99 1AN.
Isle of Man Bank Limited is a member of The Royal Bank of Scotland Group. If you are
interested in finding out more information, their web address is www.iombank.com.
What is a client bank account?
A client bank account is a bank account held by, and in the name of, Fedelta Trust Limited (“us” or “we”)
in which we will hold your money on trust for you while it remains in the account. All money held in a
client bank account is referred to as client money.
A client bank account is specially created by us for the purpose of holding your money and the money of
other clients. The client bank account is segregated from any other bank account in our name holding
money which is our money.
All client bank accounts are held at recognised banks. A recognised bank is a bank which holds a licence
issued by the Isle of Man Financial Supervision Commission for deposit taking or is authorised under the
law of another acceptable country or territory to carry on activities corresponding to depos