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).