Explanatory Note.
(This Note is not part of the rules, but is intended
to indicate their general purport).
These rules lay down the formalities to be complied with by solicitors and barristers before practising certificates can be issued to them under, respectively, sections 6 and 30 of the Legal Practitioners Ordinance, 1964, and lay down the forms of application and of certificates required for those purposes.
LEGAL PRACTITIONERS ORDINANCE, 1964.
(No. 16 of 1964).
ACCOUNTANTS CERTIFICATE RULES, 1964.
In exercise of the powers conferred by section 73 of the Legal Practitioners Ordinance, 1964, the Committee of the Incorporated Law Society of Hong Kong, with the approval of the Chief Justice, has made the following rules—
1. These rules may be cited as the Accountant's Certificate Rules, Citation and 1964, and shall come into operation on the day appointed for the commence. commencement of section 8 of the Legal Practitioners Ordinance, 1964. (16 of 1964).
2. In these rules, unless the context otherwise requires- "client" means any person on whose account a solicitor holds or receives
client's money;
"client account" means a current or deposit account at a bank in the name of the solicitor in the title of which the word "client" appears; "client's money" means money held or received by a solicitor on account of a person for whom he is acting in relation to the holding or receipt of such money either as a solicitor or, in connexion with his practice as a solicitor, as agent, bailes, stakeholder, solicitor-trustee or in any other capacity, but not money to which the only person entitled is the solicitor himself or, in the case of a firm of solicitors, one or more of the partners in the firm:
Provided that the expression "client's money" shall not extend to money held or received by a solicitor holding an office to which paragraph (a) of section 75 of the Ordinance applies, in the course of his employment in such office, or to money paid without delay into an account subject to public or official audit; "solicitor" means a solicitor of the Court and any firm of solicitors: "solicitor-trustee" means a solicitor who is a sole trustee or who is
co-trusted only with a partner, clerk or servant of his or with more than one of such persons; and
"trust-money" means money held or received by a solicitor which is not client's money and which is subject to a trust of which the solicitor is a trustee, whether or not he is solicitor-trustee of such trust.
ment.
Interpreta- Lion.