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Client money protection schemesE+W

21Enforcement of client money protection schemes for property agentsE+W

(1)The Housing and Planning Act 2016 is amended as follows.

(2)In section 134 (client money protection schemes: approval or designation), after subsection (2) insert—

(3)Regulations under this section may confer a discretion on the Secretary of State in connection with—

(a)the approval or designation of a client money protection scheme,

(b)conditions which must be complied with by the administrator of such a scheme,

(c)the amendment of such a scheme, or

(d)the withdrawal of approval or revocation of designation of such a scheme.

(3)In section 135 (enforcement of client money protection scheme regulations)—

(a)in subsection (4)(e), after “for the purposes of any of its functions” insert “ (whether or not the function is expressed to be a function of a local weights and measures authority) ”, and

(b)for subsection (5) substitute—

(5)In this section “local authority in England” means a local weights and measures authority in England.

Commencement Information

I1S. 21(1)(3) in force at 1.4.2019 by S.I. 2019/428, reg. 2(a)