omnibus client account

    as the context requires, either:

      1. (a) an account maintained by a firm at an authorised central counterparty for more than one client of the firm in respect of which the authorised central counterparty has agreed with the firm to provide omnibus client segregation; or
      1. (b) an account maintained at a clearing member at the request of a firm and in respect of more than one indirect client of the firm, as described in:
        1. (i) article 4(2)(a) or 4(2)(b) of the EMIR L2 Regulation; or
        1. (ii) article 4(2)(a) or 4(2)(b) of the MiFIR indirect clearing RTS.
Glossary Legal Instruments