Written Questions are submitted by MPs or Lords to receive information from a Department.
|16 Apr 2018, 3:24 p.m.||Client Money Protection||Lord Kennedy of Southwark|
To ask Her Majesty's Government when they intend to issue regulations for Client Money Protection schemes.
Answer (Lord Bourne of Aberystwyth)
The Government is committed to making membership of a client money protection scheme mandatory for property agents in the private rented sector. Our response to the recent consultation was published on 1 April 2018, which sets out our implementation approach. We will bring forward secondary legislation to implement our commitment after Easter recess. We intend to give sufficient notice and a transition period for agents to comply with the requirement to join a client money protection scheme.