# The Letting Agent Code of Practice (Scotland) Regulations 2016, Paragraph 122: Client accounts


You must have written confirmation from any bank or building society where a client account is held that the following conditions apply:
(a) that all money standing to the credit of that account is client money; and
(b) that the bank or building society is not entitled to combine the account with any other account or exercise any right to set-off or counterclaim against money in that account for any sum owed to the bank or building society on any other of your accounts it holds.

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Source: https://www.legislation.gov.uk/sdsi/2016/9780111030912/schedule/paragraph/122 (the official version)
Page: https://openlegislation.uk/draft-letting-agent-code-of-practice-scotland-regulations-2016/schedule/paragraph-122
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.