Manner of accounting for moneys received
10E Manner of accounting for moneys received
Where money has been received the dealer must ensure that a written receipt is issued to the person giving the money.
However the receipt may be in an electronic form where the money is received by electronic transfer.
The receipt must contain —
the name of the dealer and the dealer’s licence number;
a number or letter, or a combination of both, in consecutive order that allows the receipt to be uniquely identified;
the date on which the money is received;
the name of the person paying the money;
the amount of money received;
a brief description of the purpose of the payment; and
if the receipt is hand‑written, the name of the person receiving the money evidenced by the signature of that person.
[Regulation 10E inserted: Gazette 13 Aug 2002 p. 4161.]
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