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Rules of Practice 1994 (S.R. 1994, No. 229)
|Requested: 30 May 2017|
|Consolidated as at: 17 Mar 2006|
53. Letters to clients
(1) A trust account inspector, at the time of making an examination, may require the legal practitioner whose accounting records are under examination to deliver certain letters to the inspector.
(2) The letters are to
(a) be in an approved form; and
(b) be written on the business paper or letterhead of the legal practitioner; and
(c) be signed by the legal practitioner; and
(d) be addressed to those clients specified by the inspector.
(3) Subject to subrule (4), the number of letters required to be provided by the legal practitioner is not to exceed 10% of the number of clients of the legal practitioner who are involved in money for investment or securities.
(4) The number of letters may exceed 10% of the clients of the legal practitioner, if
(a) the legal practitioner consents; or
(b) the Council approves.
(5) A legal practitioner must comply with a requirement made under subrule (1).