Singapore legislation

Regulation 10

of Legal Profession (Solicitors’ Trust Accounts) Rules

Regulation 10

Books and accounts

Subregulation 1

Every solicitor-trustee shall at all times keep properly written up in the English language such books and accounts as may be necessary —

(a)

to show separately in respect of each trust of which he is the solicitor-trustee all his dealings with money received, held or paid by him on account of that trust; and

(b)

to distinguish the same from money received, held or paid by him on any other accounts.

Subregulation 2

Every solicitor-trustee shall preserve for a period of at least 6 years from the date of the last entry therein all books and accounts kept by him under this rule.