Legal Profession (Solicitors’ Accounts) (Amendment) Rules 2006

Status:

Published in Subsidiary Legislation Supplement
on 08 Dec 2006

No. S 660

Legal Profession Act

(Chapter 161)

Legal Profession (Solicitors’ Accounts) (Amendment) Rules 2006

In exercise of the powers conferred by section 72 of the Legal Profession Act, the Council of the Law Society of Singapore, with the approval of the Chief Justice, hereby makes the following Rules:

Citation and commencement

1. These Rules may be cited as the Legal Profession (Solicitors’ Accounts) (Amendment) Rules 2006 and shall come into operation on 1st January 2007.

Amendment of rule 2

2. Rule 2(1) of the Legal Profession (Solicitors’ Accounts) Rules (R 8) (referred to in these Rules as the principal Rules) is amended —

(a)

by deleting the definition of “accounting corporation” and “accounting firm” and substituting the following definition:

“ “accounting corporation”, “accounting firm” and “accounting LLP” have the same meaning respectively, as in the Accountants Act (Cap. 2);”; and

(b)

by inserting, immediately after the words “a firm of solicitors,” in the definition of “solicitor”, the words “a limited liability law partnership,”.

Amendment of rule 11A

3. Rule 11A of the principal Rules is amended —

(a)

by inserting, immediately after sub-paragraph (b) of paragraph (2), the following sub-paragraph:

“(ba)

if the proposed book-keeper is an accounting LLP, by the manager of the accounting LLP —

(i)	stating that no partner or manager of the accounting LLP is an immediate family member of the solicitor;
(ii)	undertaking that he will inform the Council in writing immediately if the book-keeper encounters any of the difficulties referred to in paragraph (8); and
(iii)	undertaking that he will inform the Council in writing immediately if there are any changes in the matters referred to in sub-paragraph (i);”;

(b)

by deleting the words “or accounting corporation” in the 3rd line of paragraph (2)(c) and substituting the words “, accounting corporation or accounting LLP”;

(c)

by deleting the word “corporation” appearing in the following provisions and substituting in each case the words “body corporate”:

Paragraphs (2)(c) (1st, 5th and 13th lines), (3)(b), (c) and (d) and (12);

(d)

by inserting, immediately after the words “or accounting firm” in paragraph (4)(a), the words “or accounting LLP”;

(e)

by inserting, immediately after the words “paragraph 2(a) (ii), (b)(ii),” in paragraph (8), “(ba)(ii),”;

(f)

by inserting, immediately after the words “a law firm,” in paragraph (11), the words “a limited liability law partnership,”; and

(g)

by inserting, immediately after the words “that law firm,” in paragraph (11), the words “limited liability law partnership,”.

Amendment of rule 14A

4. Rule 14A of the principal Rules is amended by deleting the words “or an accounting corporation” in paragraph (b) and substituting the words “, an accounting corporation or an accounting LLP”.

[G.N. Nos. S 466/2001; S 109/2004]

Made this 1st day of December 2006.

PHILIP JEYARETNAM

President,
Council of the Law Society of Singapore.

[AG/LEG/SL/161/2002/1 Vol. 3]

(To be presented to Parliament under section 131 of the Legal Profession Act).

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