CLC Managing Client & Office Accounts Practice Questions - CLC Diploma - Managing Client And Office Accounts Exam

Where must client money held by a CLC regulated practice be deposited?

In a designated Client Bank Account at a recognized bank or building society in England & Wales In an offshore investment account to maximize yield In the practice's main operational office account pending transaction completion In a personal bank account belonging to the Licensed Conveyancer

Correct Answer:

In a designated Client Bank Account at a recognized bank or building society in England & Wales

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