Legal Services Act 2007

This section has no associated Explanatory Notes

89In paragraph 4 of that Schedule (interest on clients' money)—E+W

(a)in sub-paragraph (1)—

(i)for “section 33(1)(a)” substitute “ section 33(1) ”, and

(ii)for the words from “and subject to” to the end substitute , a recognised body is not liable to account to any client, other person or trust for interest received by the recognised body on money held at a bank or building society in an account which is for money received or held for, or on account of—

(a)clients of the recognised body, other persons or trusts, generally, or

(b)that client, person or trust separately., and

(b)omit sub-paragraph (2).

Annotations: Help about Annotation
Close

Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.

Commencement Information

I1Sch. 16 para. 89 in force at 31.3.2009 by S.I. 2009/503, art. 2(b)(ii)