1964_SOLICITORS__ACCOUNTS_RULES — Page 3

1979 Ed.]

Solicitors' Accounts Rules

[CAP. 159

F3

[Subsidiary]

(d) a cheque or draft received by the solicitor, which under rule 5 he is entitled to split but which he does not split.

5. Where a solicitor holds or receives a cheque or draft Splitting. which includes client's money or trust money of one or more trusts-

(a) he may where practicable split such cheque or draft and, if he does so, he shall deal with each part thereof as if he had received a separate cheque or draft in respect of that part; or

(b) if he does not split the cheque or draft, he shall, if any part thereof consists of client's money, and may, in any other case, pay the cheque or draft into a client account.

6. No money other than money which under rules 3, 4 and 5 a solicitor is required or permitted to pay into a client account shall be paid into a client account.

7. There may be drawn from a client account— (a) in the case of client's money-

(i) money properly required for a payment to or on behalf of the client;

(ii) money properly required for or towards payment of a debt due to the solicitor from the client or in reimbursement of money expended by the solicitor on behalf of the client;

(iii) money drawn on the client's authority; and

(iv) money properly required for or towards payment of the solicitor's costs where a bill of costs or other written intimation of the amount of the costs incurred has been delivered to the client and the client has been notified that money held for him will be applied towards or in satisfaction of such costs;

(b) in the case of trust money, including money held by the solicitor as solicitor-trustee-

(i) money properly required for a payment in the execution of the particular trust; and

(ii) money to be transferred to a separate bank account kept solely for the money of the particular trust;

(c) such money, not being money to which either paragraph (a) or (b) applies, as may have been paid into the account under rule 4(b) or (d); and

(d) money which may by mistake or accident have been paid into the account in contravention of rule 6:

Provided that in any case under paragraph (a) or (b) the money so drawn shall not exceed the total of the money held for the time being in such account on account of such client or trust.

Restriction on payment into client account.

Drawings from a client account.