SCHEDULES
SCHEDULE 11Licensing rules
Part 3Practice requirements
Accounts
I120
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.
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.