2.3 If you act as a named CASP for one or more member firms of Propertymark you must disclose this fact to us.
2.4 Should you engage the services of a named CASP in respect of your clients’ money, it is the responsibility of that CASP to deliver a report on its procedures, direct to Propertymark.
You must, however, continue to submit a report to Propertymark in the format prescribed by Propertymark regulation on any other client money that you hold direct. In particular you must prepare a report on any statutory clients’ money held, which cannot be entrusted to a CASP.
2.5 You must declare to us at the time of our visit any properties belonging to any principal, partner or director of the firm which are managed by, or on which rent is collected by, you.
2.6Our report is solely for use by the firm and by Propertymark and will be submitted in accordance with Propertymark’s Accounting Rule.