# Tenant Fees Act 2019, Section 23: Client money protection schemes: requirement to belong to a scheme etc


(1) The Client Money Protection Schemes for Property Agents (Requirement to Belong to a Scheme etc.) Regulations 2019 are amended as follows.
(2) In regulation 2 (interpretation)—
(a) in the definition of “client money”—
(i) in paragraph (a), for “agency”, in the second place it occurs, substitute “ management ”, and
(ii) at the end of paragraph (b), for “; and” substitute “ , but does not include money held in accordance with an authorised tenancy deposit scheme within the meaning of Chapter 4 of Part 6 of the Housing Act 2004 (see section 212 of that Act); ”, and
(b) at the end of the definition of “regulated property agent” insert
“;
“scheme administrator” has the same meaning as in the scheme approval regulations (see regulation 2 of those regulations); and
“scheme approval regulations” means the Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018.”
(3) In regulation 3 (requirement to belong to a client money protection scheme), omit paragraph (2).
(4) In regulation 4 (transparency requirements)—
(a) before paragraph (1) insert—
“(A1) Paragraph (1) applies if the scheme administrator of an approved or designated client money protection scheme provides a certificate under regulation 8(1) of the scheme approval regulations to a regulated property agent.”, and
(b) in paragraph (1)—
(i) in the words before sub-paragraph (a), for “A” substitute “ The ”, and
(ii) omit sub-paragraph (a).
(5) The amendments made by this section are without prejudice to any power to make an order or regulations amending or revoking the regulations mentioned in subsection (1).

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Source: https://www.legislation.gov.uk/ukpga/2019/4/section/23 (the official version)
Page: https://openlegislation.uk/tenant-fees-act-2019/section-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.