7. Pooled Accounts
(1) A single Client Account may be used to pool Client Money of more than one Client for one of the following reasons–
(a) operational efficacy, or
(b) due to an exceptional circumstance where the Licensed Firm is unable to segregate the money of one Client from that of other Clients.
(2) For the purposes of Rule 7(1)(b) the Licensed Firm must inform the Registrar of the circumstances preventing the money from being segregated.
(3) When a pooled Client Account is used to hold Client Money, the Licensed Firm must ensure that this is clearly and specifically agreed with the Client in writing.
(4) The Licensed Firm must be able to promptly identify the individual balance due to each Client from a pooled Client Account.