Section 36 Interest on client’s money.C1

Accounts rules shall make provision for requiring F1a solicitor F2or an incorporated practice an authorised legal business, in such cases as may be prescribed by the rules,. . . F3

The cases in which F10a solicitor F11or incorporated practice an authorised legal business may be required to act as mentioned in subsection (1) may be defined among other things by reference to the amount of any sum received or balance held or the period for which it is or is likely to be retained or held or both; and the rules may include provision for enabling a client (without prejudice to any other remedy) to require that any question arising under the rules in relation to the client’s money be referred to and determined by the Society.

Except as provided by the rules, F12a solicitor F13or incorporated practice an authorised legal business shall not be liable by virtue of the relation between solicitor and client to account to any client for interest received by the F14solicitor or, as the case may be, the incorporated practice authorised legal business on monies lodged in an account F15at a bank or with a building society, or on deposit receipt, at a bank, being monies received or held for or on account of F16his or, as the case may be, its clients generally.

Nothing in this section or in the rules shall affect any arrangement in writing whenever made between F17a solicitor and his client F18or an incorporated practice an authorised legal business (or any solicitor acting on its behalf) and its client as to the application of the client’s money or interest on it.