Clients’ Money Regulations – introduction of clients’ money regulation 8A

A new clients’ money regulation will come into effect on 1 January 2017. This new regulation, clients’ money regulation 8A, aims to ensure the firm’s client bank account is being used for a lawful and legitimate purpose and bona fide transactions. Payments into and out of the firm’s client bank account must relate to an accountancy service that is being (or has been or will be) provided by the firm. Access guidance on the new regulation