S.I. No. 242/1977 - Solicitors' Accounts (Amendment) Regulations, 1977.
S.I. No. 242 of 1977. | ||
SOLICITORS' ACCOUNTS (AMENDMENT) REGULATIONS, 1977. | ||
The Incorporated Law Society of Ireland in exercise of the powers conferred on them by Sections 4 , 5 , 66 and 71 of the Solicitors Act, 1954 and of every other power thereunto them enabling and with the concurrence of the President of the High Court hereby make the following regulations. 1. These regulations may be cited as the Solicitors' Accounts (Amendment) Regulations 1977, and shall be read together with the Solicitors' Accounts Regulations 1967 ( S.I. No. 44 of 1967 ) (hereinafter called the Principal Regulations) and shall, to the extent to which they are inconsistent with the said regulations alter and amend same. 2. These regulations shall come into operation on the 1st day of August, 1977. 3. The Principal Regulations shall be amended by: | ||
(i) the deletion of the following banks from the First Schedule:— | ||
The Hibernian Bank Ltd. | ||
The Munster & Leinster Bank Ltd. | ||
The National Bank of Ireland Ltd. | ||
The National City Bank Ltd. | ||
The Provincial Bank of Ireland Ltd. | ||
The Royal Bank of Ireland Ltd. | ||
Any branch in the United Kingdom of a Bank named in the First Schedule. | ||
(ii) the addition of the following Bank to the First Schedule:— | ||
Allied Irish Banks Ltd. | ||
(iii) the deletion of the following Banks from the Fourth Schedule:— | ||
( a ) Any branch in Northern Ireland of a bank named in the First Schedule | ||
( b ) London clearing banks:— | ||
Barclays Bank Ltd. | ||
The Bank of England | ||
Coutts & Co. | ||
The District Bank Ltd. | ||
Glyn Mills & Co. | ||
Guinness Mahon & Co., Ltd. | ||
Lloyds Bank Ltd. | ||
Martins Bank Ltd. | ||
The Midland Bank Ltd. | ||
The National Bank Ltd. | ||
The National Westminster Bank Ltd. | ||
Williams & Deacon's Bank Ltd. | ||
The Westminster Bank Ltd. | ||
( c ) Scottish clearing banks:— | ||
The Bank of Scotland | ||
The British Linen Bank | ||
The Clydesdale Bank Ltd. | ||
The National Commercial Bank of Scotland Ltd. | ||
The Royal Bank of Scotland. | ||
DATED this 27th day of July, 1977. | ||
Signed on behalf of the Incorporated Law Society of Ireland | ||
BRUCE ST. J. BLAKE, | ||
President of the Incorporated Law Society of Ireland. | ||
I concur in the making of the above Regulations | ||
THOMAS A. FINLAY, | ||
President of the High Court. | ||
EXPLANATORY NOTE. | ||
The effect of these regulations is to withdraw the authority given to solicitors under the Solicitors' Accounts (Amendment) Regulations 1976 ( S.I. No. 125 of 1976 ) to open designated client accounts for clients' monies with the named London or Scottish clearing banks or any branch in the United Kingdom or in Northern Ireland of an Irish Associated Bank and also, to designate Allied Irish Banks Ltd. as the successor to certain of the Banks deleted from the First Schedule. | ||
It is confirmed that the making of Solicitors Accounts Regulations do not constitute a warranty or representation by the Incorporated Law Society of Ireland as to the suitability of any or all of the Banks named in any Schedule to such Regulations and the Incorporated Law Society of Ireland does not accept any liability whatever for any loss incurred through any Act, neglect or default of any such Bank. |