64Written direction for controlled money

64 Written direction for controlled money (1) Subject to the regulations, a person may give a written direction to a licensee to deposit money received by the licensee on behalf of the person in an account (other than a general trust account) over which the licensee has or will have exclusive control. (2) The regulations may prescribe the circumstances in which a direction can or cannot be made under this section. (3) Without limiting subsection (2), the regulations may prescribe the circumstances in which a direction can or cannot be made under this section by reference to— (a) the amount of money that may be the subject of a direction; (b) the type of transaction in respect of which the money is received or held by the licensee; (c) the length of time for which the money is to be deposited.