Client Money Handling
Walton Goodland maintain one or more Client Money Accounts into which all Client Money is paid.
RICS Client Money Protection
(with effect from 1 April 2019)
Walton Goodland maintain one or more Client Money Accounts into which all Client Money is paid;
Walton Goodland’s Client Money Accounts are designated as such and easily distinguished from other accounts;
All clients of Walton Goodland are advised that Client Money will be held in a Client Money Account and be notified of the details of that account;
Walton Goodland confirm in writing with the bank with which it holds a Client Money Account that
the bank acknowledges that monies in the Client Money Account must not be combined with, or transferred to, any other account maintained by the firm, and the bank shall not be entitled to exercise any right of set up or counterclaim against money in that Client Money Account in respect of any sum owed to it in respect of any other account of the firm;
Walton Goodland keeps records and accounts which shows all dealings with Client Money and demonstrate that all Client Money held by the firm is held in a Client Money Account.
Handling Client Money
Walton Goodland have and comply with written procedures for handling Client Money, which comply with the RICS requirements (RICS Client Money Protection, 1 April 2019);
Publish their procedures for handling Client Money on their website;
Provide a copy of their procedures for handling Client Money to any person who may reasonably require a copy, free of charge;
Keep records and accounts that show all dealings with Client Money;
Repay any Client Money, including where feasible any interest earned, without delay if there is no longer any requirement to retain that money or the relevant client requests it;
Hold and maintain professional indemnity insurance cover that is appropriate for the firm’s size, income, type of work and the amount of Client Money held.