Client Bank accounts

I read an interesting article on the NAEA website with regards to clients accounts if the bank gets into difficulty.
Its states
"Members will appreciate that we can give no advice as to the suitability of any particular bank. However the advice we have been given is that that provided a firm is using a company which under the Financial Services and Markets Act 2000 is regulated by the Financial Services Authority as an authorised deposit taker then we cannot foresee that they could be deemed to be negligent. We have also received legal advice that would indicate that any individual client within the company client bank account would be protected up to the sum of £35,000 under the banking compensation scheme"

So as long as your letting agent is a member of ARLA/NAEA/OEA and follows client accounting procedures any money you have held with them should not be affected if the bank gets into trouble!!!