(1) A law practice
must in accordance with the regulations notify the Board of the details
required by the regulations of each account maintained at any ADI in which the
practice or any legal practitioner associate of the practice holds money
entrusted to the practice or legal practitioner associate.
(2)
Subsection (1) applies whether or not the money is trust money and
whether or not section 206 or 207 applies to the money.