Section 34: Clients’ money

34. Clients’ money (1) Every notary shall keep accounts of all his receipts and expenditure, showing clearly and separately any amounts or securities received from or on behalf of his clients or returned or paid out. (2) The Chamber may, where it has reason to believe that it is necessary to do so, designate an auditor to audit the books of account of any notary at its own expense, and the auditor shall make a written report of his audit to the Chamber and to the Attorney-General. (3) (a) Subject to paragraph (b), where a notary receives any money entrusted to him by or for a client, he shall, not later than 21 days after he receives the money, deposit it in the client’s account. (b) Subject to paragraph (c), where a notary receives a written request to that effect from his client before the expiry of the period of 21 days, he may, after giving notice of the request to the Chamber, keep any money so entrusted to him for a period not exceeding 6 months. (c) The notary may, at the client’s request, keep any money referred to in paragraph (b) for 2 further successive periods of 6 months.