Notaries (Accounts) Rules Consultation
The Faculty Office is consulting on revisions to the Notaries (Accounts) Rules. The rules which apply to Notaries’ accounts date from 1989. There are currently three separate sets of rules:
• The Notaries Accounts Rules 1989 (as amended by Order dated 21 February 2012)
• The Notaries Accounts (Deposit Interest) Rules 1989
• The Notaries Trust Account Rules 1989
The main accounts rules were amended in 2012 to require any notary who holds client monies to provide an annual Accountants Report.
The proposal is to combine all three sets of rules into a single set of Notaries Accounts Rules for ease of reference, to update into gender neutral language and ensure that the rules remain fit for purpose after an extended period of not being reviewed.
No substantive changes have been made to the rules as part of the consolidation process but we are open to suggestions.
The consultation will close at 5.00pm on Friday 14th November 2025