New Clause 46 - Client money protection schemes: investigatory powers of local authorities

Renters (Reform) Bill – in a Public Bill Committee at 3:00 pm on 28 November 2023.

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“In paragraph 10 of Schedule 5 to the Consumer Rights Act 2015 (duties and powers to which Schedule 5 applies), at the appropriate place insert—

‘regulations 5 and 8 of the Client Money Protection Schemes for Property Agents (Requirement to Belong to a Scheme etc.) Regulations 2019’.”—(Jacob Young.)

This new clause gives investigatory powers to local authorities in connection with their existing duties to enforce requirements on property agents to be members of a client money protection scheme for protecting money they hold in connection with letting or managing rented homes. The new clause is expected to be inserted into Part 3 of the Bill in a new Chapter about investigatory powers.

Brought up, read the First and Second time, and added to the Bill.