Subject to the provisions of rule 6.6 every practice unit shall – (a) ensure that at all times the sum at the credit of the client account, or where there are more such accounts than one, the total of the sums at the credit of those accounts, shall not be less than the total of the clients’ money held by the practice unit;
Do I have to keep all my client funds in the client bank account? Yes. You must always have sufficient funds in the client bank account to cover all of the client credit balances.
Advice and Information
This note looks at the case of Bowman v Fels decided by the Court of Appeal in England on 8 March 2005  EWCA Civ 226. This case overturns the decision of the High Court in P v P decided in 2003.
The recent slow down in the UK property market has exposed a rise in mortgage fraud by organised criminals and the potential vulnerability of professionals to be exploited by organised crime syndicates.
Forms and Fees
There are three Accounts Certificate forms