# Legal Services Act 2007, Paragraph 20


(1) The licensing rules must make provision as to the treatment of money within sub-paragraph (2), and the keeping of accounts in respect of such money.
(2) The money referred to in sub-paragraph (1) is money (including money held on trust) which is received, held or dealt with by the licensed body, its managers and employees for clients or other persons.

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Source: https://www.legislation.gov.uk/ukpga/2007/29/schedule/11/paragraph/20 (the official version)
Page: https://openlegislation.uk/legal-services-act-2007/schedule-11/paragraph-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.