Payment of Interest
You are reading current version in effect from 25 November 2019
Tags
Accounts & financeYou are reading current version in effect from 25 November 2019
Glossary terms
client
means the person for whom you act and, where the context permits, includes prospective and former clients
in the SRA Financial Services (Scope) Rules, in relation to any regulated financial services activities carried on by an authorised body for a trust or the estate of a deceased person (including a controlled trust), means the trustees or personal representatives in their capacity as such and not any person who is a beneficiary under the trust or interested in the estate
interest
includes a sum in lieu of interest
client money
has the meaning given in rule 2.1 of the SRA Accounts Rules