Maintenance of client accounts
This section has no associated Explanatory Memorandum
4. 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.