Solicitors Act, 1954

PART VII.

Accounts of Solicitors.

Regulations for accounts.

66.—(1) Regulations made with the concurrence of the Chief Justice shall make provision with respect to the following matters:

(a) the opening and keeping by solicitors of accounts at banks for clients' moneys and for moneys of any trust of which the sole trustee is a solicitor or the trustees are a solicitor with a partner, clerk or servant of his or with more than one of such persons;

(b) the keeping by solicitors of accounts containing particulars of and information as to moneys received, held or paid by them for or on account of clients;

(c) the keeping by solicitors of accounts containing particulars of and information as to moneys received, held or paid by them for or on account of any trust of which the sole trustee is a solicitor or the trustees are a solicitor with a partner, clerk or servant of his or with more than one of such persons;

(d) enforcing compliance with the regulations;

(e) ascertaining whether the regulations have been complied with;

(f) the delegation by the Society to the Disciplinary Committee of any such power of enforcement or ascertainment.

(2) The provisions contained in regulations for the purposes of this section for ascertaining whether the regulations have been complied with may include, in particular, provisions requiring solicitors to furnish certificates by duly qualified accountants that the regulations have been complied with.

(3) Regulations for the purposes of this section shall not apply in relation to—

(a) a solicitor in the full-time service of the State, or

(b) any solicitor who is in the part-time service of the State, so far as regards moneys received, held or paid by him in the course of such service.