Client account withdrawals

Withdrawals from client account

You may only withdraw client money from a client account:

1. •

   if sufficient funds are held on behalf of that specific client or third party, and

2. •

   the withdrawal is made:

   1. ◦

      for the purpose for which it is being held

   2. ◦

      following receipt of instructions from the client, or the third party for whom the money is held, or

   3. ◦

      on the SRA’s prior written authorisation or in prescribed circumstances

You must appropriately authorise and supervise all withdrawals made from a client account.

Providing banking facilities to clients

You must not use a client account to provide banking facilities to clients or...