Client Money Disclosure
1. Purpose
This Disclosure explains the principles applicable to money received from clients.
2. Segregation
Where required and applicable, client money is maintained separately from the Company’s own operational money using designated arrangements intended to prevent ordinary commingling. Segregation does not eliminate all counterparty or insolvency risk.
3. Approved Institutions
Client-money banks, custodians or payment providers are selected through due diligence and ongoing risk review.
4. Payment Agents
Where an approved contractual payment agent receives or transmits money on behalf of Montrock, the relationship, account ownership, reconciliation, AML responsibilities and settlement mechanics must be documented. The payment agent does not provide Montrock’s regulated investment services merely by handling payments.
5. Reconciliation
The Company maintains reconciliation procedures designed to compare internal records with relevant bank/payment records and investigate breaks promptly.
6. Currency
Client money may be held or converted in currencies supported by the relevant bank/payment infrastructure. Currency conversion can create exchange-rate risk and charges.
7. Third-Party Risk
A bank, correspondent, custodian, PSP or payment agent may fail, delay or restrict access to funds. The legal consequences depend on the contractual arrangement and applicable insolvency law.
8. Interest
Any treatment of interest on client balances is set out in the applicable account terms or product schedule.
9. Withdrawals
Withdrawals remain subject to AML/CFT, sanctions, fraud, account-ownership and operational checks.
10. No Deposit-Taking
Client money arrangements do not mean that Montrock is a bank or deposit-taking institution.
Contact and Regulatory Information
Montrock Ltd is incorporated in Mauritius under Company No. 231276 GBC and is regulated by the Financial Services Commission, Mauritius (FSC) as an Investment Dealer (Full Service Dealer, Excluding Underwriting), FSC Licence No. GB25205688. Registered office: Suite 201, Level 2, The Catalyst, 40 Silicon Avenue, Cybercity, Ebene 72201, Mauritius.
Compliance enquiries: compliance@mont-rock.com
Payments: payments@mont-rock.com
Website: https://mont-rock.com
Risk warning: Transactions in financial instruments, particularly leveraged or derivative instruments where offered, involve significant risk and may result in substantial loss. Nothing on the website constitutes a guarantee of profit or investment performance.