Apply for approval of a manager/owner
On 31 March 2012, the SRA Authorisation Rules for Legal Services Bodies and Licensable Bodies 2011 (SRA Authorisation Rules) came into effect for recognised bodies and the existing SRA Recognised Bodies Regulations 2011 were repealed. The rules came into effect for all Licensed Bodies on 6 October 2011.
Non-deemed approved managers and/or owners: apply for approval
As of 31 March 2012, authorised firms need to seek the SRA's approval for new managers and owners1 who cannot be deemed approved (see rule 13.2 of the Authorisation Rules) in advance of them joining the firm, rather than just notifying us. The approval process must be completed in advance, it cannot be undertaken retrospectively:
Deemed approved managers or owners: notify us
If a manager or owner can be deemed approved (see rule 13.2 of the Authorisation Rules), the firm must notify us before these persons take up their posts in order to satisfy the deemed approval criteria, see Notify us of a deemed-approved manager/owner.
1 For the SRA to approve an individual as a manager within a firm, they must hold the appropriate post. See definition of "manager" in the SRA Handbook.