21A(1) This regulation applies where an account investor, through the agency of an account manager (“the transferee”), gives instructions (“transfer instructions”) to an account manager with whom the account investor holds a cash account (“the transferor”) for that account or part of that account to be transferred, subject to and in accordance with regulations 21 or 21B, to a cash account held by the account investor with the transferee.
21A(2) Where this regulation applies–
(a)the transferee shall, within 5 business days beginning on the instruction day, send to the transferor–
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