CMP Rules

The following rules apply to the handling of client money by Nest Associates under the Client Money Protection scheme.

Handling of Client Money

All client money received by Nest Associates is held in a designated client account, separate from the firm's own funds. Client money is defined as money held by an agent on behalf of another person in the course of estate agency or letting agency work.

Client Account Requirements

• Client money is held in a separate, designated client account
• Client accounts are clearly identified as such with the bank
• No business funds are held in client accounts
• Regular reconciliations are carried out

Record Keeping

Nest Associates maintains accurate and up-to-date records of all client money transactions. These records include details of all receipts and payments, and are available for inspection by the scheme provider.

Interest

Any interest earned on client money held in our client accounts will be dealt with in accordance with the terms of our agreement with the client.

Reporting

Nest Associates reports to the CMP scheme provider as required, including annual returns and notification of any significant changes to the business.