Amendment of rule 2
2. Rule 2(1) of the Legal Profession (Solicitors’ Accounts) Rules (R 8) is amended —
by deleting the definition of “approved finance company” and substituting the following definition:
“ “approved finance company” means any finance company registered under the Finance Companies Act (Cap. 108) which is approved by the Minister to accept either or both of the following:
deposits of client’s money for the purposes of these Rules;
deposits of conveyancing money for the purposes of these Rules and the Conveyancing Rules;”; and
by deleting the words “a client account” in the definitions of “bank pass book” and “bank statement” and substituting in each case the words “any client account, conveyancing account or conveyancing (CPF) account”.