Singapore legislation
Regulation 23
of Conveyancing and Law of Property (Conveyancing) Rules 2011
Regulation 23
Transitional provisions
Subregulation 1
Notwithstanding anything in Part II, a solicitor may continue to hold any conveyancing money that is deposited into his client account before 1st August 2011 —
in any case where the conveyancing money is unclaimed conveyancing money, in accordance with the Legal Profession (Solicitors’ Accounts) Rules (Cap. 161, R 8), until the conveyancing 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
Rules 4(3) and 22 shall not apply to a solicitor in respect of any holding of conveyancing money by him in accordance with paragraph (1).
Subregulation 3
In this rule —
Definition
“conveyancing money” includes anticipatory conveyancing money as defined in rule 4(4);
Definition
“unclaimed conveyancing money” has the same meaning as in rule 17 of the Legal Profession (Solicitors’ Accounts) Rules.