Client Money and Asset Protection In accordance with the FCA Client Money and Assets rules, all client money (including cash balances, unrealised profits, and funds used as margin collateral) received by Broker Genix are held in trust in one or more segregated bank accounts.

Segregation of Client Assets Client assets are held in trust in one or more segregated custodian accounts set up specifically for our clients. Consequently, client money and assets are held separately from Broker Genix’s own money and assets and cannot be used by Broker Genix in the course of its day-to-day business operations.

Client Protection in Case of Default In the unlikely event of a default by Broker Genix, clients will have their money and assets returned to them directly rather than become unsecured creditors of the firm. To ensure that the amount of money and assets held in the client bank accounts and custodian accounts accurately reflects the account value of our segregated clients, Broker Genix performs comprehensive daily reconciliations and, on the basis of this reconciliation, processes any and all necessary bank transfers.

Due Diligence on Banks and Custodians Broker Genix carries out comprehensive due diligence on the banks and custodians that it intends to hold client money and assets with, not only when selecting the bank and custodians but also on an ongoing basis. Banks and custodians are chosen, amongst other things, based on the strength of their balance sheet, their credit rating, and risk outlook.

Holding Custody Securities Through External Providers In accordance with our General Business Terms and the Client Asset Rules, Broker Genix may hold your Custody Securities in custody through External Custody Providers, which in some cases could be located in overseas jurisdictions. The legal or regulatory requirements that apply to the holding of these Custody Securities may differ from those applicable in the UK.

Risks of External Custody Providers Such External Custody Providers may have a security interest, lien, or right of set-off over your Custody Securities due to local law. There is a risk that the External Custody Provider may exercise its rights over and reduce the amount of your Custody Securities. In some cases, it may also not be possible under local laws for your Custody Securities to be separately identified from Custody Securities belonging to the External Custody Provider or other third parties.

Insolvency of External Custody Providers In the event of the insolvency of the External Custody Provider, different legal and regulatory requirements and local market practices could apply, and your rights in relation to those Custody Securities may differ from UK regulations. Saxo will not be liable for the insolvency, acts, or omissions of such External Custody Providers or third parties.

Financial Services Compensation Scheme (FSCS) Protection The FSCS is the UK’s statutory fund of last resort for customers of UK-authorized financial services firms. This means that the FSCS can pay compensation if a member firm, such as Broker Genix, is in liquidation and unable to pay client compensation claims against it, including where there is a client money shortfall. In the unlikely event there was a shortfall in the client money account, individual Saxo clients would be able to claim up to a maximum of £85,000 per person from the FSCS.

Protection Against Bank Liquidation If a bank holding client money goes into liquidation, the losses would be shared by all clients in proportion to their share of Broker Genix’s overall client money position. In respect of a UK-authorized bank, these losses would be covered by the FSCS up to a limit of £85,000 per person, per banking group, for each individual Broker Genix client.