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I. Accounts

1.
Subject to compliance with Rule VII.I.2 of this Compliance and Risk Management Rulebook below, Regulated Sponsors may establish each of the following accounts in their own name on behalf of each Sponsored VASP—
 
a.Client Money Accounts required in Part IV of this Compliance and Risk Management Rulebook;
b.business and/or operating accounts of the Sponsored VASP; and
c.an account maintaining Paid-Up Capital in accordance with Rule VI.B.3 of the Company Rulebook.
 
2.
Regulated Sponsors must ensure, and are responsible for ensuring, that each of the accounts listed in Rule VII.I.1 of this Compliance and Risk Management Rulebook above comply with the following—
 
a.a separate account is established for each Sponsored VASP with whom it has a Sponsored VASP relationship, and no account is shared either between the Regulated Sponsor and a Sponsored VASP, or between more than one Sponsored VASP;
b.the name of the Sponsored VASP is included in the title of each account; and
c.the Regulated Sponsor maintains segregation between all the accounts of each Sponsored VASP, with whom it has a Sponsored VASP relationship, in all books and records.