Client money held abroad?

[Tony.V]

Here you have the answer:

Concern about Client Agreement regarding Cash

In terms of your funds being guaranteed by the FSCS, this sentence is not applicable, and you should not be concerned. It refers to a hypothetical situation where we decide to move client funds from an approved bank in the UK to a bank which does not qualify as “approved” which we don’t plan to do in the near future or for that matter at all. This sentence derives from the CASS rules relating to safekeeping of client assets and concerns holding of client money with a bank which is not an approve…

Let me know if some doubts arise.