SCHEDULE 2CLIENT ACCOUNTS

Maintenance of client accounts4

An agency which holds or receives money which includes client’s money –

a

may where practicable split such money and, if it does so, shall deal with each part thereof as if it had received a separate sum of money in respect of that part; or

b

shall, if it does not split the money, pay it into a client account no later than the end of the second business day following the day on which it receives the money.