Client Money Protection

Letting and property management agents in the private rented sector who hold client money are now required by law to belong to a government-approved CMP scheme by 1 April 2019. These proposals were made on 1 April 2018 following consultation and have been passed by Parliament; agents must also:

  • hold client money in a client money account with a bank or building society authorised by the Financial Conduct Authority
  • hold and maintain appropriate professional indemnity insurance
  • have appropriate client money protection handling procedures
  • obtain a certificate confirming membership of an approved CMP scheme and display this prominently in each of their offices where they deal with the public and on their website
  • provide a copy of the certificate to any person who may reasonably require it, free of charge

Marble Sales & Lettings are pleased to confirm we adhere to this regulation and are members of Client Money Protect under membership number CMP005636. Please visit Client Money Protect's website directly for further information. (https://www.clientmoneyprotect.co.uk/).

Client Money Protect (CMP) is a government approved Client Money Protection Membership Scheme that protects any money held by their Members on behalf of their clients should the member misappropriate it. The business was formed in 2014 - originally as the UK’s first voluntary client money protection scheme outside of the traditional agent trade body organisations – and is also recognised in Scotland (under the Scotland Lettings Code of Conduct) and in Wales (under Rent Smart (Wales)).