Singapore legislation
Regulation 17
Regulation 17
Transitional and savings provisions for conveyancing money or anticipatory conveyancing money deposited into client account before 1st August 2011
Subregulation 1
Notwithstanding anything in these Rules or in Part II of the Conveyancing Rules, a solicitor may continue to hold any conveyancing money or anticipatory conveyancing money that is deposited into his client account before 1st August 2011 —
in any case where the money is unclaimed conveyancing money, in accordance with these Rules, until the money is drawn from the client account; or
in any other case, for a period of 5 months beginning on 1st August 2011.
Subregulation 2
For a period of 5 months beginning on 1st August 2011 —
rules 2(1), 3 to 6, 7(1), 9(3), 10, 11 and 11A(8) of these Rules in force on or after 1st August 2011 shall not apply to a solicitor in respect of any holding by him of any conveyancing money or anticipatory conveyancing money referred to in paragraph (1); and
rules 2(1), 3 to 6, 7(1), 9(3), 10, 11, 11A(8) and 11B of these Rules in force immediately before 1st August 2011 shall continue to apply to that solicitor, in respect of that holding by him of the money.
Subregulation 3
In this rule, “unclaimed conveyancing money” means any conveyancing money or anticipatory conveyancing money deposited into a solicitor’s client account before 1st August 2011 which the solicitor is unable to pay to the person entitled to be paid the money by reason that —
the solicitor is unable to ascertain —
whether that person exists; or
the address of that person;
the solicitor has tendered to that person, but that person has not accepted, the money;
the solicitor has tendered the money to that person by a cheque, but that person has not encashed the cheque; or
despite the making of reasonable efforts, the solicitor is unable to tender the money to that person.