Client Money Protection
(asked on 26th October 2017) - View Source
Question to the Department for Levelling Up, Housing & Communities:
To ask Her Majesty's Government, following the announcement by Lord Bourne of Aberystwyth on 28 March (HL Deb, col 466), when they expect to legislate for a mandatory scheme of client money protection.
This question was answered on 6th November 2017
The Government is committed to making membership of a Client Money Protection scheme mandatory for letting and managing agents to ensure that tenants and landlords get the financial protection that they deserve. A consultation seeking views on implementation was launched on 1 November and will be open for 6 weeks. Further detail will be provided following consultation with the sector.