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SCHEDULES

SCHEDULE 11E+WLicensing rules

Part 3 E+WPractice requirements

AccountsE+W

20(1)The licensing rules must make provision as to the treatment of money within sub-paragraph (2), and the keeping of accounts in respect of such money.E+W

(2)The money referred to in sub-paragraph (1) is money (including money held on trust) which is received, held or dealt with by the licensed body, its managers and employees for clients or other persons.

Commencement Information

I1Sch. 11 para. 20 in force at 2.8.2010 by S.I. 2010/1118, art. 2(c)