Unlike banks, firms like IG are required to separate client money from their own resources. This means that we're not allowed to use client money in the course of our business activities for our own purposes, and that client money is ring-fenced and protected from the unlikely event that IG were to become insolvent.
IG Limited is regulated by the Dubai Financial Services Authorities (DFSA). IG also has a 'Client Money and Assets Committee' which is responsible for ensuring the client money regulations are being adhered to in all IG Group entities, as well as reviewing and evaluating all the client money controls and procedures.
In addition, we have engaged PricewaterhouseCoopers LLP to conduct an independent review of our controls and procedures for client money calculation and segregation. By commissioning this report we have taken an additional step, over and above standard audit checks and our regulators' reporting requirements.