Closed consultations

Consultations that have closed are listed below. When they are available, summaries and analyses of responses and policy decision announcements are included. For details, please follow the links.

You can also find out about consultations that are open.

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Looking to the Future: Accounts Rules review

Our regulatory reform programme includes a review of the SRA Accounts Rules 2011 ('the Accounts Rules'), which govern the handling of client money by those we regulate. The core purpose of the Accounts Rules is to ensure that money belonging to clients is kept safe. Our objective is to rationalise and simplify the rules. We aim to remove any unnecessary restrictions, prescription and detail while, at the same time, maintaining appropriate consumer protections. We have followed the same drafting principles as for our wider review of our Handbook.

  • Start — 1 June 2016
  • End — 21 September 2016
  • Status — CLOSED, analysis of responses published

Read: Looking to the Future: Accounts Rules review

Removing barriers to switching regulators

We are proposing to amend our Professional Indemnity Insurance (PII) requirements to remove a significant barrier to firms who wish to leave SRA regulation to be regulated by another Approved Regulator.

  • Start — 21 April 2016
  • End — 14 July 2016
  • Status — CLOSED, analysis of responses published

Read: Removing barriers to switching regulators

The Insurance Act 2015 and consequential changes to the minimum terms and conditions of professional indemnity insurance

The Insurance Act 2015 (the Insurance Act) will come into force on 12 August 2016 and will make changes to the law on non-disclosure and misrepresentation in relation, in particular, to commercial insurance contracts. We are proposing to amend the minimum terms and conditions (MTC) of professional indemnity insurance (PII) with effect from 12 August 2016 to bring them into line with some aspects of the Insurance Act when it comes into force.

  • Start — 12 February 2016
  • End — 24 March 2016
  • Status — CLOSED, analysis of responses published

Read: The Insurance Act 2015 and consequential changes to the minimum terms and conditions of professional indemnity insurance

Training for Tomorrow: assessing competence

This consultation is part of Training for Tomorrow, our response to the 2013 report of the Legal Education and Training Review (LETR) which called for a greater focus of regulatory attention on the standards we require of solicitors both at qualification and on an ongoing basis.

  • Start — 7 December 2015
  • End — 4 March 2016
  • Status — CLOSED, analysis of responses published

Read: Training for Tomorrow: assessing competence

Quality Assurance Scheme for Advocates

The Joint Advocacy Group’s (compromising of legal regulators Bar Standards Board (BSB), Solicitors Regulation Authority (SRA) and CiLEX Regulation) is consulting on minor changes to the operation of the Quality Assurance Scheme for Advocates raised during the judicial review process.

  • Start — 1 October 2015
  • End — 24 December 2015
  • Status — CLOSED

Read: Quality Assurance Scheme for Advocates

A question of trust

In accordance with the better regulation principles, we aim to demonstrate consistency and proportionality in our decision-making and to be open with both the public and the profession about what we think is serious in relation to the conduct of the individuals we regulate.

  • Start — 30 September 2015
  • End — 31 January 2016
  • Status — CLOSED

Read: A question of trust

Regulation of consumer credit – the SRA’s regulatory arrangements

This consultation invites views on our proposals to regulate consumer credit activities carried on by SRA-authorised individuals and firms under Part 20 of the Financial Services and Markets Act 2000 (FSMA). In summary, following changes which took effect on 1 April 2014, FSMA prescribes that certain consumer credit activities must be regulated

  • Start — 26 June 2015
  • End — 7 August 2015
  • Status — CLOSED, analysis of responses in progress

Read: Regulation of consumer credit – the SRA’s regulatory arrangements

Regulatory reform programme

This consultation paper sets out a range of proposals aimed at reducing unnecessary burdens and costs on regulated firms, and to ensure proportionate and targeted regulation.
  • Start — 16 April 2015
  • End — 11 June 2015
  • Status — CLOSED

Read: Regulatory reform programme