Section 137B(1)

Rules relating to the handling of money held by an authorised person in specified circumstances (“clients' money”) may— make provision which results in that clients' money being held on trust in accordance with the rules, treat 2 or more accounts as a single account for specified purposes (which may include the distribution of money held in the accounts), authorise the retention by the authorised person of interest accruing on the clients' money, and make provision as to the distribution of such interest which is not to be retained by the authorised person.

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Source: legislation.gov.uk · retrieved 2026-09-04