S.L. 583.8 Art. 4Player funds to constitute distinct patrimony. Cap. 16.

(1) An authorised person in possession of player funds shall hold such funds solely for and on behalf of and in the interest of that player.

(2) Notwithstanding anything stated in article 1894 of the

Civil Code or in any agreement entered into between the authorised person and the player, and notwithstanding the fact that the player funds held by the authorised person are registered in the name and title of or are otherwise vested in the authorised person, such funds shall be deemed to constitute a distinct patrimony, separate from that belonging to the authorised person.

(3) Without prejudice to any relevant provisions of the Act, the control of player funds by an authorised person shall not give or be deemed or construed to give to the authorised person any rights over such funds; nor shall it create any form of loan between the authorised person and the player notwithstanding the nature of the funds or the rights or obligations of the authorised person in relation thereto.