Client Account Regulations
/ˈklaɪənt əˈkaʊnt ˌrɛɡjʊˈleɪʃənz/
Definitions
- (n.) Legal rules governing the management and safeguarding of client funds held by professionals such as lawyers or brokers.
The firm must comply with client account regulations to ensure client funds are properly protected.
Forms
- client account regulations
- client account regulation
Related terms
See also
Commentary
These regulations are crucial for preventing misappropriation of client funds and typically require precise record-keeping and segregation of assets.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.