If the Society takes possession of any sum of money to which paragraph 6 F1or 6A(3) applies, the Society shall pay it into a special account in the name of the Society or of a person nominated on behalf of the Society, F2or into a client account of a solicitor nominated on behalf of the society, and any such person or solicitorshall hold that sum on trust to permit the Society to exercise in relation to it the powers conferred by this Part of this Schedule and subject thereto F3and to rules under paragraph 6B on trust for the persons beneficially entitled to it.

A bank F4or other financial institutionat which a special account is kept shall be under no obligation to ascertain whether it is being dealt with properly.