PART IIIPROFESSIONAL PRACTICE, CONDUCT AND DISCIPLINE
Accounts, etc.
Regulations as to keeping of accounts by solicitors33
1
The Society shall as soon as practicable make regulations—
a
as to the opening and keeping by solicitors of accounts at banksF1 or with building societies
i
for clients' money;
F1ii
for money comprised in controlled trusts;
b
as to the keeping by solicitors of accounts containing particulars and information as to money received, held or paid by them—
i
for or on account of their clients;
ii
for or on account of any such trust as is mentioned in sub-paragraph ( a);
c
as to the investment in trusteeF2 investments of the money of any such trust as is mentioned in sub-paragraph ( a);
d
empowering the Society to take such action and collect such evidence as may be necessary to enable them to ascertain whether or not the regulations are being complied with.
2
If a solicitor contravenes any regulation made under this Article any person may make a complaint in respect of that contravention to theF1 Tribunal.
3
Regulations made under paragraph (1)( a) to ( c) shall not apply to—
a
a solicitor acting in the course of his employment as a public officer; or
b
a solicitor who holds an office under any local authority or statutory undertakers and who does not engage in private practice as a solicitor;
and such regulations shall not apply to a solicitor who holds an office to which sub-paragraph ( b) applies and who is engaged in private practice as a solicitor, except so far as regards money received, held or paid by him in the course of that private practice.