Disciplinary

Regulatory notice

Cloud Finance & Accounting Limited 

In terms of Regulation 5.30 of the ICAS Public Practice Regulations, notice is given that the ICAS Authorisation Committee has applied a regulatory penalty of £1,500 to the firm of Cloud Finance & Accounting Limited (firm number 4540). 

The firm has acknowledged that it held client money in a non-client money account between May 2023 and April 2024, in breach of Regulation 4.2 of the ICAS Clients’ Money Regulations.