Ministers urged to make Client Money Protection a legal requirement

SAFEagent has called on the government to make Client Monday Protection a legal requirement within the Consumer Rights Bill currently going through the Lords. Currently, no recompense is available if an agent if not covered by a CMP scheme and they misappropriate clients’ funds or use them fraudulently. The SAFEagent scheme was established in 2011 and now has over 3,000 offices registered.

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