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a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Accounts Code

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This Code must be read with the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct. The the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct is the parent document of the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC Handbook and Frameworks; it sits above all other Codes in our the sum of Codes, Guidance, Frameworks and Policies, which set out the responsibilities of the Regulated Community and our approach to regulation.regulatory arrangements. The the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct prescribes six Ethical PluralCAPITAL an essential quality; a characteristic, behaviour or ethic, which must be demonstrated so that positive Outcomes are generated for Clients.Principles of behaviour which are essential to delivering the specific delivery of a positive result for Clients; it is the end result of the application of a principle or specific requirement the CLC’s Regulatory Arrangements are focused upon these Outcomes, which everyone who we regulate must deliver.Outcomes which sit beneath each of the Ethical PluralCAPITAL an essential quality; a characteristic, behaviour or ethic, which must be demonstrated so that positive Outcomes are generated for Clients.Principles. All the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC regulated individuals and bodies are expected to comply with the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct in the delivery of authorised under the Code of Conduct this means that Authorised Persons must personally carry out or supervise the Reserved Legal Activity provided.reserved legal activities and permitted non-under the Code of Conduct this means that Authorised Persons must personally carry out or supervise the Reserved Legal Activity provided.reserved legal activities.

The the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC also publishes several other topic specific Codes addressing important areas of practice, including this a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Accounts Code. Topic specific Codes underpin the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct and support regulated individuals and bodies in delivering the Ethical PluralCAPITAL an essential quality; a characteristic, behaviour or ethic, which must be demonstrated so that positive Outcomes are generated for Clients.Principles and delivery of a positive result for Clients; it is the end result of the application of a principle or specific requirement the CLC’s Regulatory Arrangements are focused upon these Outcomes, which everyone who we regulate must deliver.Outcomes of behaviour defined in the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct. Topic specific Codes apply to all regulated activities carried out by the individuals or bodies specified in that Code.

You must ensure that you always comply with the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct and topic specific Codes and must not permit anyone else to act or fail to act in such a way as to amount to a breach of this Code, the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct, or the Ethical PluralCAPITAL an essential quality; a characteristic, behaviour or ethic, which must be demonstrated so that positive Outcomes are generated for Clients.Principles.

Should circumstances arise in which there is an apparent conflict between a topic specific Code, the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct, or any other regulatory requirement, you must ensure that you comply with the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct. If in doubt, contact the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC for advice.

  1. General Provisions
    1. The requirements of the a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Accounts Code apply to all a lawyer is a legally qualified person, someone who gives legal advice and represents people in legal matters.CLC Lawyer and practices who receive or deal with money belonging to a any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client.
    2. Each means a person who is: a. if the body is a company and its affairs are managed by members, a member; b. if the body is a company and (a) does not apply, a director of the body; c. if the body is a partnership, a partner; d. if the body is a Limited Liability Partnership, an LLP member; e. if the body is an unincorporated body (other than a partnership), a member of its governing body; and f. a licensed conveyancer if sub-paragraphs (a)-(e) do not apply and the affairs of the body are not managed by another licensed conveyancer.Manager of a A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice is jointly and severally responsible with any other means a person who is: a. if the body is a company and its affairs are managed by members, a member; b. if the body is a company and (a) does not apply, a director of the body; c. if the body is a partnership, a partner; d. if the body is a Limited Liability Partnership, an LLP member; e. if the body is an unincorporated body (other than a partnership), a member of its governing body; and f. a licensed conveyancer if sub-paragraphs (a)-(e) do not apply and the affairs of the body are not managed by another licensed conveyancer.Manager of that A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice for compliance with the a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Accounts Code by the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice and its (depending on the context) an individual employed by a CLC body, by an entity regulated by another legal regulator or by a local authority or other employer.employees.
    3. means a person who is: 1. if the body is a company and its affairs are managed by members, a member; 2. if the body is a company and (a) does not apply, a director of the body; 3. if the body is a partnership, a partner; 4. if the body is a Limited Liability Partnership, an LLP member; 5. if the body is an unincorporated body (other than a partnership), a member of its governing body; and 6. a licensed conveyancer if sub-paragraphs (a)-(e) do not apply and the affairs of the body are not managed by another licensed conveyancer.Managers must maintain proper governance, management and supervision of the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice and ensure appropriate systems, procedures, processes and internal strategic management, risk management, accounting and financial arrangements (including supervisory and audit functions) which eliminate, or reduce to acceptable levels, risks to positive Outcomes.controls are in place to comply with the a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Accounts Code.
    4. To monitor compliance with the a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Accounts Code, the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC may at any time request information which must be delivered at the time and place and in the format requested by the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC.
    5. The the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC is entitled to seek verification of information from any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).clients, staff, service providers and banks. If requested, the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice will provide written permission to facilitate the provision of this information.
    6. A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice must comply with anti-money laundering and counter-terrorist financing legislation. 
  2. a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account
    1. A a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account is a current or deposit account in the name of the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice designated as a ‘a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account’ at a Bank or a branch situated in England and Wales of a Building Society incorporated (or deemed to be incorporated) under the Building Societies Act 1986.Building Society located in England or Wales.
    2. A a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account is used to hold any money held or received for a Client by a CLC regulated person or body, incidental to the provision of legal services regulated by the CLC.Client Money, and must not be used as a banking facility for any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Clients.
    3. The a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account and an account in the name of a CLC regulated individual or body for holding Office Money.Office Account may only be used for the provision of services regulated by the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC. Separate an institution, body, financial intermediary, or financial institution which has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits.bank a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.accounts and separate includes all documents or records on a Durable Medium necessary for the operation of any system of book-keeping.accounting records must be maintained for any other services which are not the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC-regulated. 
  3. any money held or received for a Client by a CLC regulated person or body, incidental to the provision of legal services regulated by the CLC.Client Money
    1. any money held or received for a Client by a CLC regulated person or body, incidental to the provision of legal services regulated by the CLC.Client Money is any money held or received on behalf of a any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client by a A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice incidental to the provision of legal services regulated by the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC.
    2. any money held or received for a Client by a CLC regulated person or body, incidental to the provision of legal services regulated by the CLC.Client Money must be paid into a dedicated a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account without delay and must always be kept separate from any other money.
    3. All reasonable steps must be taken to keep any money held or received for a Client by a CLC regulated person or body, incidental to the provision of legal services regulated by the CLC.Client Money safe.
    4. any money held or received for a Client by a CLC regulated person or body, incidental to the provision of legal services regulated by the CLC.Client Money must always be immediately available to be applied in accordance with the any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client’s instructions.
    5. Any shortfall on a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account must be replaced in normal circumstances, either on the same day, or on the next working day.Without Delay.
    6. The any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client side of the any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client ledger must not go into debit.
    7. The Office side of the any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client ledger must not go into credit.
    8. The A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice must pay money received into the a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account if there is doubt whether it is wholly money which belongs to a CLC regulated individual, or body, and any other money which is not Client Money and includes:
      (a) money held or received in connection with running the body e.g. PAYE, or VAT on the firm’s fees
      (b) interest on Client Accounts (other than on Separate Designated Accounts)
      (c) payments received in respect of fees for which a bill has been delivered, and the bill is recorded in the office columns of the appropriate client ledger account
      (d) payments received in respect of disbursements already paid, or for which a liability to pay has been incurred, and the payment, or liability is recorded in the office columns of the appropriate client ledger account
      (e) money received from a Client as a debt owed, which is recorded in the office columns of the appropriate client ledger account.
      Office Money
      .
    9. Money incorrectly paid into a a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account must on discovery be transferred out of the a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account in normal circumstances, either on the same day, or on the next working day.Without Delay.
    10. The A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice must advise the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC in normal circumstances, either on the same day, or on the next working day.Without Delay of the discovery of any misappropriation of any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client funds and must make good any shortfall from its an account in the name of a CLC regulated individual or body for holding Office Money.Office Account in normal circumstances, either on the same day, or on the next working day.Without Delay.
    11. Interest earned on any money held or received for a Client by a CLC regulated person or body, incidental to the provision of legal services regulated by the CLC.Client Money must be credited to the respective any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client ledger. The A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice must obtain informed written consent from the any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client if it wishes to depart from this requirement. 
  4. Withdrawals from any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Accounts
    1. The A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice may only withdraw money from a a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account if:
      1. it is to make a payment to or on behalf of the any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client
      2. it is to pay an invoice for services provided by the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice which has been properly submitted to the any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client
      3. it is to reimburse the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice for money paid out of the an account in the name of a CLC regulated individual or body for holding Office Money.Office Account on behalf of the any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client
      4. it has been paid into the a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client account in error
      5. it is transferred to another a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account
      6. it is in compliance with 4.4.
    2. Payments out of a a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account must be approved by a duly authorised signatory to the a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account and may only be made by:
      1. cheque
      2. electronic payment (BACS/CHAPS)
      3. written an institution, body, financial intermediary, or financial institution which has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits.bank instruction.
    3. Money held in a a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account must be paid to the the person beneficially entitled to receive monies held by the CLC regulated individual or body, or any sum vested in the CLC under paragraph 6 or 6A(3) of schedule 5 to the 1985 Act.Rightful Recipient as soon as there is no longer any proper reason to retain it.
    4. any money held or received for a Client by a CLC regulated person or body, incidental to the provision of legal services regulated by the CLC.Client Money may be withdrawn from a a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account under 4.1(f) where there has been no movement on the any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client ledger for over 12 months and the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice has:
      1. established the identity of the the person beneficially entitled to receive monies held by the CLC regulated individual or body, or any sum vested in the CLC under paragraph 6 or 6A(3) of schedule 5 to the 1985 Act.Rightful Recipient
      2. taken appropriate steps to return the any money held or received for a Client by a CLC regulated person or body, incidental to the provision of legal services regulated by the CLC.Client Money to the the person beneficially entitled to receive monies held by the CLC regulated individual or body, or any sum vested in the CLC under paragraph 6 or 6A(3) of schedule 5 to the 1985 Act.Rightful Recipient (which have been unsuccessful), and
      3. recorded the steps taken in accordance with requirement 4.4(a)-(b) and retained those records (together with all relevant documentation).
    5. Having satisfied requirements 4.4(a)-(c), the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice may pay any Aged Balance not exceeding £50 to a nominated charity, to the an account in the name of a CLC regulated individual or body for holding Office Money.Office Account, or to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC.
    6. The A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice remains liable to repay monies due to the the person beneficially entitled to receive monies held by the CLC regulated individual or body, or any sum vested in the CLC under paragraph 6 or 6A(3) of schedule 5 to the 1985 Act.Rightful Recipient unless they have been paid to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC, in which case the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC is liable to pay monies due.
    7. Any withdrawal of an Aged Balance exceeding £50 must be authorised by and paid to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC. The the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC will repay the any money held or received for a Client by a CLC regulated person or body, incidental to the provision of legal services regulated by the CLC.Client Money when demanded by the the person beneficially entitled to receive monies held by the CLC regulated individual or body, or any sum vested in the CLC under paragraph 6 or 6A(3) of schedule 5 to the 1985 Act.Rightful Recipient. 
  5. includes all documents or records on a Durable Medium necessary for the operation of any system of book-keeping.Accounting Records
    1. The A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice must update their includes all documents or records on a Durable Medium necessary for the operation of any system of book-keeping.Accounting Records at regular intervals, but not exceeding 30 days from the respective calendar month end.
    2. includes all documents or records on a Durable Medium necessary for the operation of any system of book-keeping.Accounting Records must be drawn up in accordance with generally accepted accounting practices.
    3. includes all documents or records on a Durable Medium necessary for the operation of any system of book-keeping.Accounting Records must be compiled by an individual with the appropriate skill and experience.
    4. The accounting system must maintain accurate and chronological records of:
      1. any money held or received for a Client by a CLC regulated person or body, incidental to the provision of legal services regulated by the CLC.Client Money and money which belongs to a CLC regulated individual, or body, and any other money which is not Client Money and includes:
        (a) money held or received in connection with running the body e.g. PAYE, or VAT on the firm’s fees
        (b) interest on Client Accounts (other than on Separate Designated Accounts)
        (c) payments received in respect of fees for which a bill has been delivered, and the bill is recorded in the office columns of the appropriate client ledger account
        (d) payments received in respect of disbursements already paid, or for which a liability to pay has been incurred, and the payment, or liability is recorded in the office columns of the appropriate client ledger account
        (e) money received from a Client as a debt owed, which is recorded in the office columns of the appropriate client ledger account.
        Office Money
        transactions, with sufficient narrative to explain their purpose
      2. the indebtedness of the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice to individual any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Clients
      3. each any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client’s total indebtedness to the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice
      4. individual transactions on individual a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account ledgers
      5. bills of costs which distinguish between costs, generally any payments made, or for which a liability to pay has been incurred, by a CLC regulated individual or body to a third party on behalf of a Client. disbursements are deemed to include: stamp duty land tax; Land Registry fees; Local Authority and any other applicable search fees.disbursements and VAT, and
      6. the balance on any any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client or Office ledger account (current and historic).
    5. Bank reconciliation statements must be produced within seven (7) days of the respective calendar month end.
    6. The reconciliation statement must compare the an institution, body, financial intermediary, or financial institution which has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits.bank balance, the cash book balance and include a listing of reconciling items. any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client an institution, body, financial intermediary, or financial institution which has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits.bank a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.accounts must also be reconciled to the a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account listing.
    7. Reconciling items need to be reviewed and cleared on a timely basis.
    8. If accounting or cashiering functions are outsourced, the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice must have immediate and unrestricted access to its includes all documents or records on a Durable Medium necessary for the operation of any system of book-keeping.Accounting Records. The A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice must maintain oversight of accounting and cashiering functions and remains responsible for the includes all documents or records on a Durable Medium necessary for the operation of any system of book-keeping.Accounting Records.
    9. The A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice must retain includes all documents or records on a Durable Medium necessary for the operation of any system of book-keeping.Accounting Records for no less than six (6) years. 
  6. a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report

      A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice responsibilities

    1. The A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice must procure the delivery by the an accountant qualified in accordance with requirements 16.5-16.7 of the Accounts Code, instructed by the CLC regulated individual or body to prepare and sign an Accountant’s Report.Reporting Accountant to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC of an a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report if at any time during an the period for which the accounts of the CLC Body are ordinarily made up, provided however that it begins at the end of the previous Accounting Period and covers 12 months (except with the prior written consent of the CLC).Accounting Period the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice held or received any money held or received for a Client by a CLC regulated person or body, incidental to the provision of legal services regulated by the CLC.Client Money.
    2. The a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report must be delivered by the an accountant qualified in accordance with requirements 16.5-16.7 of the Accounts Code, instructed by the CLC regulated individual or body to prepare and sign an Accountant’s Report.Reporting Accountant to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC within 6 months of the end of the the period for which the accounts of the CLC Body are ordinarily made up, provided however that it begins at the end of the previous Accounting Period and covers 12 months (except with the prior written consent of the CLC).Accounting Period.
    3. The A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice must immediately notify the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC of any changes to the identity, address or any other relevant details of the an accountant qualified in accordance with requirements 16.5-16.7 of the Accounts Code, instructed by the CLC regulated individual or body to prepare and sign an Accountant’s Report.Reporting Accountant.
    4. The A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice must supply the an accountant qualified in accordance with requirements 16.5-16.7 of the Accounts Code, instructed by the CLC regulated individual or body to prepare and sign an Accountant’s Report.Reporting Accountant with any and all records and explanations required to exercise their duties.
    5. The A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice must apply to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC for consent to vary the the period for which the accounts of the CLC Body are ordinarily made up, provided however that it begins at the end of the previous Accounting Period and covers 12 months (except with the prior written consent of the CLC).Accounting Period.
    6. an accountant qualified in accordance with requirements 16.5-16.7 of the Accounts Code, instructed by the CLC regulated individual or body to prepare and sign an Accountant’s Report.Reporting Accountant eligibility

    7. The an accountant qualified in accordance with requirements 16.5-16.7 of the Accounts Code, instructed by the CLC regulated individual or body to prepare and sign an Accountant’s Report.Reporting Accountant must be a member of one of the following accounting bodies and must be in good standing at the time of signing the a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report:
      1. the Institute of Chartered Accountants in England and Wales
      2. the Institute of Chartered Accountants of Scotland
      3. the Institute of Chartered Accountants in Ireland, or
      4. the Association of Chartered Certified Accountants.
    8. A person may not be a an accountant qualified in accordance with requirements 16.5-16.7 of the Accounts Code, instructed by the CLC regulated individual or body to prepare and sign an Accountant’s Report.Reporting Accountant if:
      1. the accountant has been found guilty by a professional body of professional misconduct or equivalent
      2. at any time between the beginning of the the period for which the accounts of the CLC Body are ordinarily made up, provided however that it begins at the end of the previous Accounting Period and covers 12 months (except with the prior written consent of the CLC).Accounting Period to which the a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report relates and the signing of the a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report, they were either a partner, (depending on the context) an individual employed by a CLC body, by an entity regulated by another legal regulator or by a local authority or other employer.employee or officer in the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice to which the a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report relates, or were employed by the same employer as the arrangers or sellers of insurance products regulated by the Financial Conduct Authority.Authorised Person for whom the a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report is given, or
      3. the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC has disqualified the accountant from completing, signing and delivering an a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report because it is satisfied that the accountant:
        1. has failed to exercise due care and skill in the preparation of an a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report, or
        2. has an actual or reasonably apparent situation in which an individual or body has an interest, or a party they are representing has such an interest, sufficient to appear to influence the objective exercise of their regulatory responsibilities, in particular the separate duties to act in the best interests of two or more Clients in relation to the same or related matters.Conflict of interest.
    9. an accountant qualified in accordance with requirements 16.5-16.7 of the Accounts Code, instructed by the CLC regulated individual or body to prepare and sign an Accountant’s Report.Reporting Accountant responsibilities

    10. The an accountant qualified in accordance with requirements 16.5-16.7 of the Accounts Code, instructed by the CLC regulated individual or body to prepare and sign an Accountant’s Report.Reporting Accountant must be engaged to:
      1. determine whether the a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Accounts Code has been complied with, by examining:
        1. internal strategic management, risk management, accounting and financial arrangements (including supervisory and audit functions) which eliminate, or reduce to acceptable levels, risks to positive Outcomes.controls, management oversight and supervision systems
        2. monthly a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account reconciliations
        3. a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Client Account balances, transactions and shortfalls
      2. complete, sign and deliver the a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report in the form required by the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC with any supporting schedules to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC with a copy to the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice
      3. report directly and immediately to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC without prior reference to the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice if in the course of the engagement evidence of theft or fraud affecting any money held or received for a Client by a CLC regulated person or body, incidental to the provision of legal services regulated by the CLC.Client Money is discovered or there is a reasonable belief that any money held or received for a Client by a CLC regulated person or body, incidental to the provision of legal services regulated by the CLC.Client Money may be at risk
      4. report directly to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC if their appointment is terminated after:
        1. the issue of, or indication of the intention to issue, a qualified a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report
        2. concerns are raised with the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice in the course of their retainer
      5. retain the a statement on a Durable Medium of all terms upon which instructions are accepted.terms of engagement for at least 2 years after delivery of the a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report, and to provide the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC with a copy on request.
      6. on request, provide the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC any further relevant information relating to the compilation of the a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report.
    11. By accepting the engagement the an accountant qualified in accordance with requirements 16.5-16.7 of the Accounts Code, instructed by the CLC regulated individual or body to prepare and sign an Accountant’s Report.Reporting Accountant agrees that:
      1. the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC will rely upon the content of the a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report
      2. a duty of care is owed by the an accountant qualified in accordance with requirements 16.5-16.7 of the Accounts Code, instructed by the CLC regulated individual or body to prepare and sign an Accountant’s Report.Reporting Accountant to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC
      3. the an accountant qualified in accordance with requirements 16.5-16.7 of the Accounts Code, instructed by the CLC regulated individual or body to prepare and sign an Accountant’s Report.Reporting Accountant's liability to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC will be limited to the loss and costs suffered by the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC arising from items the an accountant qualified in accordance with requirements 16.5-16.7 of the Accounts Code, instructed by the CLC regulated individual or body to prepare and sign an Accountant’s Report.Reporting Accountant has negligently or fraudulently failed to identify and specify in the a report signed by the Reporting Accountant in such form as determined by the CLC relating to Client Money held or received by each body in respect of each Accounting Period.Accountant’s report
      4. to the extent necessary to enable the an accountant qualified in accordance with requirements 16.5-16.7 of the Accounts Code, instructed by the CLC regulated individual or body to prepare and sign an Accountant’s Report.Reporting Accountant to comply with the paragraphs 6.9(a)-(c), the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice waives its rights of confidentiality. The waiver extends to any report made, documents produced or information disclosed to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC in good faith and in accordance with these instructions, even though it may subsequently transpire that the an accountant qualified in accordance with requirements 16.5-16.7 of the Accounts Code, instructed by the CLC regulated individual or body to prepare and sign an Accountant’s Report.Reporting Accountant was mistaken in his belief that there was cause for concern. 
  7. Third Party Managed a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Accounts (TPMAs)
    1. Only a A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice approved by the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC may enter into methods of organisation including systems, procedures, controls, functions, roles, and processes.arrangements with a any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client to use a named means an account
      (a) held at a bank or building society in the name of a third party which is
      1. an authorised payment institution,
      2. a small payment institution that has chosen to implement safeguarding arrangement in accordance with the Payment Services Regulations, or
      (b) an EEA authorised payment institution
      (as each is defined in the Payment Services Regulations) regulated by the Financial Conduct Authority,
      (c) in which monies are owned beneficially by the third party, and
      (d) which is operated upon terms agreed between the third party, the CLC Practice and the Client as an escrow payment service.
      TPMA
      provider.
    2. Any application to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC to use a named means an account
      (a) held at a bank or building society in the name of a third party which is
      1. an authorised payment institution,
      2. a small payment institution that has chosen to implement safeguarding arrangement in accordance with the Payment Services Regulations, or
      (b) an EEA authorised payment institution
      (as each is defined in the Payment Services Regulations) regulated by the Financial Conduct Authority,
      (c) in which monies are owned beneficially by the third party, and
      (d) which is operated upon terms agreed between the third party, the CLC Practice and the Client as an escrow payment service.
      TPMA
      provider must include such information and documentation as the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC requires.
    3. Use of a means an account
      (a) held at a bank or building society in the name of a third party which is
      1. an authorised payment institution,
      2. a small payment institution that has chosen to implement safeguarding arrangement in accordance with the Payment Services Regulations, or
      (b) an EEA authorised payment institution
      (as each is defined in the Payment Services Regulations) regulated by the Financial Conduct Authority,
      (c) in which monies are owned beneficially by the third party, and
      (d) which is operated upon terms agreed between the third party, the CLC Practice and the Client as an escrow payment service.
      TPMA
      must not result in the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice receiving or holding any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client funds.
    4. The A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice must take reasonable steps to ensure that the any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client has been informed of and understands:
      1. the terms of the contractual methods of organisation including systems, procedures, controls, functions, roles, and processes.arrangements relating to the use of the means an account
        (a) held at a bank or building society in the name of a third party which is
        1. an authorised payment institution,
        2. a small payment institution that has chosen to implement safeguarding arrangement in accordance with the Payment Services Regulations, or
        (b) an EEA authorised payment institution
        (as each is defined in the Payment Services Regulations) regulated by the Financial Conduct Authority,
        (c) in which monies are owned beneficially by the third party, and
        (d) which is operated upon terms agreed between the third party, the CLC Practice and the Client as an escrow payment service.
        TPMA
        , and
      2. the any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client’s right to terminate the agreement and dispute payment requests made by the A legal firm regulated by the Council for Licensed Conveyancers.CLC Practice.

Should you require many of our regulatory Codes are underpinned by guidance which identify considerations to be borne in mind when seeking to deliver the identified outcomes; the guidance provided is not mandatoryguidance on how to meet your responsibilities under this Code, please see the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC’s a current or deposit account (but not a share account) at a branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated body, and in the title of which account the word ‘Client’ appears.Accounts many of our regulatory Codes are underpinned by guidance which identify considerations to be borne in mind when seeking to deliver the identified outcomes; the guidance provided is not mandatoryGuidance.