1979 Ed.]
Solicitors' Accounts Rules
[CAP. 159
F 5
[Subsidiary]
(a) to show all his dealings with-
(i) clients' money held, received or paid by him; and (ii) any other money dealt with by him through a client account; and
(b) to distinguish such money held, received or paid by him on account of each separate client and to distinguish such money from other money held, received or paid by him on any other account.
(2) All dealings referred to in paragraph (1)(a) shall, within 3 working days after the date of such dealings, be recorded in-
(a) a clients' cash book, or a clients' column on the credit side or debit side, as may be appropriate, of a cash book; and
(b) a clients' ledger, or a clients' column on the credit side or debit side, as may be appropriate, of a ledger,
and no other dealings shall be recorded in such clients' cash book and ledger, or, as the case may be, in such clients' columns.
(3) All dealings of the solicitor relating to his practice as a solicitor other than those referred to in paragraph (1)(a) shall, before the end of the month following the month in which the dealings were carried out, be recorded in a separate cash book and ledger or in separate columns of a cash book and ledger.
(4) In addition to the books and accounts referred to in paragraphs (2) and (3), every solicitor shall keep a record of all bills of costs, distinguishing between profit costs and disbursements, and of all written intimations under rule 7(a)(iv) delivered by the solicitor to his clients, which record shall be contained in a bills delivered book or a file of copies of such bills and intimations.
(5) In this rule each of the expressions "book", "ledger" and "record" shall be deemed to include a loose-leaf book and such cards or other permanent documents as are necessary for the operation of a mechanical system of book-keeping.
(6) Every solicitor shall preserve for at least 6 years from the date of the last entry therein all books, accounts and records kept by him under this rule.
(7) Notwithstanding paragraph (1), the Committee may specifically exempt a solicitor from such of the provisions of this rule as relate to clients' money, upon receipt by it of an application for such exemption, made in writing and containing an undertaking not to carry out any dealings with clients' money.
11. (1) In order to ascertain whether the provisions of these rules have been complied with, the Committee, acting either—
(a) on its own motion; or
Powers of Committee.
L.N. 306/79.
L.N. 306/79.
L.N. 306/79.
Page 5
Page 6
1979 Ed.]
Solicitors' Accounts Rules
[CAP. 159
F 5
[Subsidiary]
(a) to show all his dealings with-
(i) clients' money held, received or paid by him; and (ii) any other money dealt with by him through a client account; and
(b) to distinguish such money held, received or paid by him on account of each separate client and to distinguish such money from other money held, received or paid by him on any other account.
(2) All dealings referred to in paragraph (1)(a) shall, within 3 working days after the date of such dealings, be recorded in-
(a) a clients' cash book, or a clients' column on the credit side or debit side, as may be appropriate, of a cash book; and
(b) a clients' ledger, or a clients' column on the credit side or
debit side, as may be appropriate, of a ledger,
and no other dealings shall be recorded in such clients' cash book and ledger, or, as the case may be, in such clients' columns.
(3) All dealings of the solicitor relating to his practice as a solicitor other than those referred to in paragraph (1)(a) shall, before the end of the month following the month in which the deal- ings were carried out, be recorded in a separate cash book and ledger or in separate columns of a cash book and ledger.
(4) In addition to the books and accounts referred to in para- graphs (2) and (3), every solicitor shall keep a record of all bills of costs, distinguishing between profit costs and disbursements, and of all written intimations under rule 7(a)(iv) delivered by the solicitor to his clients, which record shall be contained in a bills delivered book or a file of copies of such bills and intimations.
(5) In this rule each of the expressions "book", "ledger" and "record" shall be deemed to include a loose-leaf book and such cards or other permanent documents as are necessary for the operation of a mechanical system of book-keeping.
(6) Every solicitor shall preserve for at least 6 years from the date of the last entry therein all books, accounts and records kept by him under this rule.
Sounal
(7) Notwithstanding paragraph (1), the Committee may specifically exempt a solicitor from such of the provisions of this rule as relate to clients' money, upon receipt by it of an application for such exemption, made in writing and containing an undertaking not to carry out any dealings with clients' money.
11. (1) In order to ascertain whether the provisions of these rules have been complied with, the Committee, acting either—
(a) on its own motion; or
Counal
L.N. 306/79,
L.N. 306/79.
L.N. 306/79.
Powers of Committee.
Page 5Page 6
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