—(1) In these Rules, unless the context otherwise requires —
“approved finance company” means any finance company registered under the Finance Companies Act (Cap. 108) which is approved by the Minister to accept deposits of client’s money for the purposes of these Rules;
“bank” has the same meaning as in the Banking Act (Cap. 19);
“bank pass book” and “bank statement” mean, respectively, a pass book and a statement issued by a bank in respect of any client account maintained at such bank, and includes a pass book and a statement issued by an approved finance company in respect of a client account maintained at such finance company;
“client” means any person on whose account a solicitor holds or receives client’s money;
“client account” means —
a current or deposit account maintained in the name of a solicitor at a bank; or
a deposit account maintained in the name of a solicitor with an approved finance company,
in the title of which account the word “client” appears;
“client’s money” means money held or received by a solicitor on account of a person for whom he is acting in relation to the holding or receipt of such money either as a solicitor, or in connection with his practice as a solicitor, agent, bailee, stakeholder or in any other capacity, but does not include —
money held or received on account of the trustees of a trust of which the solicitor is solicitor-trustee; or
money to which the only person entitled is the solicitor himself or, in the case of a firm of solicitors, one or more of the partners in the firm;
“solicitor” means an advocate and solicitor of the Supreme Court and includes a firm of solicitors ;
“solicitor-trustee” means a solicitor who is the sole trustee or co-trustee only with one or more of his partners or employees;
“trust money” means money held or received by a solicitor which is not client’s money and which is subject to a trust of which the solicitor is a trustee whether or not he is the solicitor-trustee of such trust.
(2) In these Rules, the references to accounts, books, ledgers, journals and records shall include loose-leaf books and such cards or other permanent documents or records as are necessary for the operation of any system of book-keeping, computerised, mechanical or otherwise.