Legal background Client Money Protection
Part 5 of the Housing and Planning Act 2016 makes provision relating to client money protection for property agents in the private rented sector. The Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018 sets out the conditions that scheme providers of client money protection must meet. The Client Money Protection Schemes for Property Agents (Requirement to belong to a Scheme etc) Regulations 2019 require property agents belong to an approved client money protection scheme.