Regulation & Compliance

Omnibus Account

Definition

What is Omnibus Account?

An account holding assets for multiple underlying clients under one registered name.

Example in practice

How This Looks in Practice

The custodianA licensed institution that safeguards a fund's cash and securities separately from the manager's own assets. keeps detailed sub-records for each investorA person or organisation that commits capital with the expectation of a financial return..

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Related Terms

Regulation & Compliance

Fiduciary Duty

A legal or ethical duty to act loyally and carefully in another person's best interest.

Regulation & Compliance

Suitability

The requirement or process of determining whether an investment fits a client's circumstances and objectives.

Regulation & Compliance

Best-Interest Standard

A duty to place the client's interests ahead of the provider's when making a recommendation.

Nigeria Investing

Nigerian Exchange

Nigeria's principal securities exchange, where listed shares, bonds, ETFs, and other instruments trade.

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