—(1) Subject to paragraph (2), a solicitor shall not hold or receive any sum of money which consists of a mixture of conveyancing money and any other money.
(2) Where any sum of money held or received by a solicitor subsequently becomes a mixture of conveyancing money and any other money, the solicitor shall —
split the conveyancing money from the other money; and
deal with the conveyancing money as if he had received the conveyancing money as a separate sum of money.
(3) Subject to paragraphs (1) and (2), where a solicitor holds or receives any sum of money which consists of a mixture of client’s money, or trust money of one or more trusts, or both, and any other money —
he may where practicable split the money and, if he does so, he shall deal with each part thereof as if he had received a separate sum of money in respect of that part; or
if he does not split the money, he shall, if any part thereof consists of client’s money, and may, in any other case, pay the money into a client account.