News & Blog

What are the requirements for client money protection?

As is the case with all government approved schemes, there are certain nuances and requirements that agents must adhere to when using client money protection. It is not as simple as just purchasing membership and away you go.

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April deadline looms for agents to get segregated client accounts for CMP

It is a legal requirement for letting agents to have client money protection (CMP), but it is still possible to fall foul of the legislation if you do not have a segregated client money account in place by 1 April 2021.

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Why client money protection is more important now than ever

Client Money Protection can offer your customers greater security as they will know their money is safe from misappropriation or if your business experiences financial difficulties.

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Is it the last chance for agents to comply with mandatory client money protection legislation?

The deadline for client money protection legislation has been delayed twice in recent years, but with a hard deadline set for April 2021, could this be the last chance for agents to comply with client money protection legislation?

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Understanding the difference between professional indemnity insurance and client money protection

It’s not unusual for letting agents and their insurance brokers to experience some confusion when it comes to understanding the difference between professional indemnity insurance (PII) and client money protection (CMP).

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Client Money Protection enforcement guidance released

The Government has released its enforcement guidance on mandatory client money protection for property agents in the private rented sector.

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Client Money Protect becomes first to gain government approval to operate a CMP scheme

Client Money Protect has gained formal government approval to operate a client money protection scheme when the regulations go live on April 1st 2019.

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The government has updated the mandatory "How to" guides

The Ministry of Housing, Communities and Local Government (MHCLG) has launched a new series of ‘How to’ guides produced for tenants, landlords and letting agents. In addition, the government’s mandatory ‘How to rent’ guide has been revised.

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Property Agents Must Join a Client Money Protection Scheme by April 2019

The Government has set out regulations to implement mandatory membership of a client money protection scheme for all property agents in England from 1st April 2019.

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Compulsory client money protection “is imminent” as key provisions come into force

Regulation is coming and letting agents, relocation agents, and property managers in England may be required to join an approved CMP scheme as early as April 2018.

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