SRA Handbook

Rule 47A: Purpose of rules applying to RELs in Exempt European Practices

Version 19 of the Handbook was published on 1 October 2017. For more information, please click "History" above.

Rule 47A: Purpose of rules applying to RELs in Exempt European Practices

47A.1

The purpose of applying different accounts provisions to the practice of an REL from an office in England and Wales of an Exempt European Practice is to ensure similar protection for client monies but by way of rules which recognise that the body in which the REL is practising is not itself a regulated entity.

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