SRA Handbook: Why rules are the new freedom – 21 July 2016
Why are we changing the Handbook? Want to know more about the rules changes we are suggesting and why we are proposing them?
General Counsel, Juliet Oliver, discusses:
- how our code of conduct is changing - with a proposed code for solicitors and another for firms
- the proposed content of these Codes
- our new Principles - how they differ from the current ones and how these apply in practice to conduct matters
- how we have stripped out a lot of the detail of the previous Code to empower you to develop the right systems and controls for your clients and type of practice.
Responsibility for meeting the requirements in the Handbook, and for operating effective systems and processes, lies with you. This webinar will give you a better understanding about the background to the proposed Handbook changes and how they could affect you.
How to implement our new approach to continuing competence – 20 April 2016
"How to implement our new approach to continuing competence" will help those firms who are yet to transition to the new approach to training.
The SRA's continuing competence scheme was launched on 1 April 2015 as a replacement for CPD points and with the 1 November deadline for implementation in all firms approaching, it's important to be aware of the changes required.
The webinar is a timely reminder of the issues that you and your firm might face.
Help shape our Risk Outlook – 10 March 2016
What risks and issues are you seeing in practice that you think should be covered in the SRA's annual risk outlook? From cybercrime to money laundering, what do you think are the biggest risks that law firms and their clients are facing? Do you agree with our current eight priority risks?
In this webinar recorded on 10 March, George Hawkins and Laura Holloway gave participants a chance to give their views in a live web discussion on the risks the SRA should be focusing on in 2016.
Assessing competence – 25 February 2016
In December, we launched a consultation on the introduction of a common professional assessment for all intending solicitors. Under the proposed system, everyone who wants to qualify as a solicitor would undergo the same professional assessment, called the Solicitors Qualifying Examination, based on the competences required to do the job. We want to ensure consistent high standards of entry into the profession, providing confidence for the public and employers. In this webinar recorded on 25 February 2016, we give you the opportunity to hear more about our 'Assessing competence' proposals, why they are needed and how they would work.
Looking to the future: Flexibility and public protection - A phased review of our regulatory approach – 26 November 2015
On 26 November 2015, we released a statement setting out our plans for the next phase of our ongoing programme of regulatory reform. A key part of this work is a review of the SRA Code of Conduct 2011. In this webinar, SRA Policy Manager Maxine Warr and Policy Associate Richard Williams explain more about the work, why we think a review is needed, our emerging thinking and the role you can play to help us move towards a more flexible, less prescriptive approach to regulation.
Exemptions and changing arrangements for the Reporting Accountant requirements – 15 October 2015
From 1 November 2015 the arrangements for obtaining an Accountant's Report will change. Are you ready for the changes? Firms holding small amounts of client money may no longer be required to obtain an Accountant's Report.
This webinar, recorded on 15 October 2015 is an opportunity for you to find out more about the changes to Reporting Accountant requirements and exemptions.
Risk Outlook 2015/16 – 23 July 2015
How can you manage risks while maximising opportunities? The economic recovery and the changing legal market provide many opportunities for law firms. We published our third annual Risk Outlook on 21 July, which offers an overview of the key risks likely to impact the legal profession and the market conditions behind them. If you understand and respond appropriately to risk, you are better placed to take advantage of opportunities in the market, while upholding professional standards and protecting your clients. This webinar recording gives an outline of the new Risk Outlook. It is a must-see for anyone with an interest in effective risk management.
Regulation of consumer credit – 16 July 2015
Following the transfer of the regulation of consumer credit activities from the Office of Fair Trading (OFT) to the Financial Conduct Authority (FCA), we are committed to finding the best possible solution for law firms and the users of legal services. This webinar, recorded by SRA Executive Director of Policy Crispin Passmore on 16 July 2015, gives you the opportunity to hear our current thinking.
From 1 April 2015, solicitors and their employers can choose to adopt our new approach to ensuring continuing competence. Under our new approach, you will have the ability and flexibility to shape your own learning and development according to your specific needs. It's a progressive change that will require you to reflect continually on continuing professional development. To support your transition to the new approach, we are launching an online toolkit.
Making compliance easier for small firms and sole practitioners – 3 February 2015
In November 2014, we published a discussion paper about what we can do to help small firms (including sole practitioners) comply with regulation. This webinar is an opportunity to find out more about our proposals and take part in the debate. Our presenters take you through the proposals and discuss the top regulatory issues we see affecting small firms.
Your diversity profile could offer the competitive edge in our changing marketplace. Through our webinar, find out about new arrangements for submitting your data to us, the benefits of diversity monitoring for your firm and how our new online diversity toolkit can best be used to your business advantage.
A competence statement for solicitors – 15 December 2014
On 20 October, we launched a consultation on Solicitor Competence. This webinar is an opportunity to find out more about the proposals and listen to questions put to Julie Brannan, SRA Director of Education and Training, and Mary Costello, Education Researcher.
Anti-money laundering – 2 December 2014
Serious and organised crime costs the UK an estimated £24 billion each year. Money laundering bolsters some very serious crimes such as terrorism, drug trafficking and human trafficking. As solicitors, you have a legal obligation to report money laundering. We need your help to stamp it out. Our anti-money laundering webinar is an ideal opportunity to get up to speed with your AML compliance needs. Our speakers help you identify the checks and balances that act as an early alert to problems and give you pointers on what to expect if we uncover issues.
A bite-sized guide to firm-based authorisation – 27 November 2014
This webinar is an opportunity to learn from the SRA's Firm-Based Authorisation team about how to complete your applications and make sure that you are evaluating and assessing them in the best way possible, before submission. Presenters Jas Chauhan, Senior Authorisation Officer, and Firm-Based Authorisation Manager Gemma Thompson take you step by step through the authorisation process and answer your questions.
A new approach to continuing competence - impact of changes on CPD – 16 October 2014
As a result of our recent consultation, from 1 November 2016 we will replace the current requirement for individual solicitors to undertake 16 hours of CPD activity. Individual solicitors and entities can voluntarily move to the new approach from April 2015. This webinar is an opportunity to hear more about the new approach, understand how it will affect you in the 2014/15 CPD year, learn about the timetable for implementation and ask questions.
Managing risk - it's good for business – 10 September 2014
What plans have do you have to mitigate risk in the year ahead? We recently published our second annual Risk Outlook—it offers a clear view of drivers in the legal services market and the key risks likely to impact the legal profession. A good grasp of the risks your firm faces can generate major commercial advantages. Compliance costs can come down if you can manage risks effectively. Understanding your risks can also give you an edge over competitors—especially if you can demonstrate you’re well equipped to manage risks that could impact clients.
Training for Tomorrow Webinar: Continuing Competence – 25 March 2014
The Solicitors Regulation Authority has launched its second round of Training for Tomorrow 2014 stakeholder engagements. This webinar explores the proposals for reforming the current approach to continuing competency (CPD), as outlined in the consultation published on 5 February. There will be an opportunity to raise questions about the proposals during the webinar.
Training for Tomorrow: Proposals for the reform of the training regulations – 30 January 2014
Our Regulation review consultation proposes more streamlined, flexible Training Regulations that target risk but continue to ensure high standards. This is part of our Training for Tomorrow programme.
The webinar mirrors the contents of four roadshows in London, Birmingham, Sheffield and Manchester.
Training for tomorrow roadshow – 5 December 2013
Training for Tomorrow is the SRA's policy document published in mid-October 2013 in response to the Legal Education and Training Review report. It outlines proposals for reforming the current legal and education training system.
This webinar recaps the roadshows we held around England and Wales in November, introducing Training for Tomorrow and inviting input from a range of stakeholders.
Getting your firm authorised: Understanding what has changed – 22 October 2013
The SRA has made significant improvements in streamlining the process for alternative business structures, firms, entities and sole practitioners seeking authorisation. If you are thinking about applying for authorisation, watch this webinar to learn how the SRA considers the application and what you need to take into account when completing an application and view screen grabs of the new form.
QASA: Quality Assurance Scheme for Advocates (Crime) – 1 October 2013
QASA, the Quality Assurance Scheme for Advocates (Crime), was formally approved by the Legal Services Board on 29 July 2013. This recording of a webinar held on 1 October 2013 offers solicitor advocates intending to enter the scheme an opportunity to learn more about the system used to manage QASA accreditation, including registration screen grabs and requirements.
Line of sight: Future risk developments – the SRA's view of the main risks to its regulatory objectives and the public interest – 9 July 2013
The SRA has undertaken a review of the current legal services market to understand better the drivers of risks to the regulatory objectives. The Risk Outlook sets out the SRA's assessment of the key risks. It should help law firms to manage risk, demonstrating the priorities to which the SRA will allocate resources and explaining the controls we use to manage these risks. This webinar, originally held on 9 July 2013, should interest anyone with compliance responsibilities and individuals seeking a better understanding of risks in the legal services market and how they impact the way the SRA meets its regulatory objectives.
QASA: Quality Assurance Scheme for Advocates (Crime) – 26 June 2013
The Quality Assurance Scheme for Advocates (QASA) was formally approved by the SRA Board on 24 April 2013. This webinar, held on 26 June 2013, offers solicitor advocates intending to enter the scheme an opportunity to learn more about the approved scheme. In particular, we discuss changes made to the scheme as a result of the fourth consultation and how we have addressed concerns raised by solicitors regarding the implementation of QASA.
QASA: Quality Assurance Scheme for Advocates (Criminal) – information about the scheme, the notification process, and what it means for you – 26 June 2013
We explain the background to the scheme, and who will be affected by it—as well as taking you through the initial online notification stage. We also discuss the principles behind setting the advocacy standard levels, and the registration and assessment process, which are to follow.
Getting your firm authorised by the SRA: A step-by-step guide – 18 June 2013
If you're a prospective recognised body, ABS or sole practitioner looking to get authorised by the SRA, this webinar, held on 18 June 2013, offers you valuable information. The presentation covers the SRA's new firm-based authorisation team's approach, aimed at streamlining our response to applications, advice to new firms on the application process, and what the SRA looks for in role holders to ensure that clients and the general public have confidence those engaged in delivering legal services are meeting high standards.
How the SRA uses the Risk Framework to deliver risk-based outcomes-focused regulation – 15 May 2013
In this webinar, presented on 15 May 2013, we introduce the SRA's Regulatory Risk Framework, the mechanism through which we deliver risk-based outcomes-focused regulation. In particular, we examine the Risk Index, our catalogue of risks to the achievement of regulatory outcomes in the Legal Services Act 2007, and discuss the risk management process for identifying, assessing and managing these risks within the SRA.
Diversity data collection: Gathering an evidence base about diversity across the legal workforce – 6 July 2012
We look at Legal Services Board (LSB) requirements for regulators, law firms and chambers and consider the responsibilities and role that firms play in gathering a more comprehensive evidence base about the diversity characteristics of the legal workforce. Individuals (lawyer and non-lawyer) who meet LSB-defined categories will have the opportunity to self-classify against a broad range of characteristics (including age, gender, disability, ethnic group, religion or belief, sexual orientation, socio-economic background and caring responsibilities). Firms are required to offer the opportunity to provide these data (on a voluntary basis), which will be passed to the SRA: we look at how.
COLPs and COFAs: Compliance responsibilities in a proactive, efficient regulatory regime – 20 June 2012
We set out our plans for compliance officers for legal practice (COLPs) and compliance officers for finance and administration (COFAs). We examine the need for a balance between proactive regulation and risk-based regulation, along with the role COLPs and COFAs will play in firms' relationship with the SRA. We also discuss the web-based nominations process, approval criteria, timescales and deadlines. This webinar is intended for firms going through the process of deciding upon appropriate COLPs and COFAs, and for prospective nominees.
Our system for prioritising risk and what this means for your firm – 14 September 2011
In this webinar, recorded on 14 September 2011, we explain the SRA's assessment of risk in all its aspects—from systemic risks that require an overarching policy response, through to individual and firm-level risks. We review the approach our Risk Centre is developing and the processes through which risk will be measured and prioritised throughout our regulatory functions. We also discuss the types of information we require from firms.
Supervision and enforcement: Ensuring ﬁt-for-purpose legal services – 9 September 2011
The SRA's supervision function will provide risk-based oversight of the entire regulated community in order to ensure—in the public interest—that all firms and individuals remain fit to deliver legal services. In this webinar, we set out how our supervision function will operate.
Relationship management: How it will work in practice – 6 September 2011
This webinar looks at the outcomes of our relationship management pilots and outlines plans to progress this new approach to supervision after the formal introduction of outcomes-focused regulation in October 2011.
Control functions: Compliance officers for legal practice and financial administration – 7 July 2011
In this webinar, recorded on 7 July 2011, we examine the roles of COLP (compliance officer for legal practice) and COFA (compliance officer for financial administration), alongside internal audit, where appropriate. We also discuss consider firms' governance arrangements, the strength of the relationship with the SRA, and how this benefits both the regulated community as a whole and the public interest.
Roadshow recap – 7 July 2011
For those solicitors unable to attend our 2011 series of summer roadshows, this webinar is a chance to hear the presentations and listen to SRA executives answer questions from the floor.
Transition from code-based to outcomes-focused regulation – 23 June 2011
This webinar, aimed at sole practitioners and small firms, is a practical help-and-support session that explains changes to the way we regulate and how they will impact on our relationship with firms in the future when outcomes-focused regulation comes into force.
Moving from paper to online – 10 June 2011
mySRA will transform the way you—as a solicitor or other legal services provider—interact with us. It replaces our paper-based system of application forms and fees, providing you with a unique username and password to access your own SRA online account. You'll soon be able to renew your practising certificate and fulfil your reporting requirements with us—all on our website. This webinar explores our online revolution.
Introducing mySRA – 13 May 2011
mySRA will transform the way you — as a solicitor or other legal services provider — interact with us. It replaces our paper-based system of application forms and fees, providing you with a unique username and password to access your own SRA online account. You'll soon be able to renew your practising certificate and fulfil your reporting requirements with us — all on our website. This webinar explores our online revolution.
The supervisory experience – 23 February 2011
The main relationship most firms have with the SRA will be with our supervision teams. The supervisory experience will be designed to help firms deal with their own risks, improve standards and provide the required outcomes for clients. In this webinar, originally presented on 23 February 2011, we explain how a firm's control functions will affect the level of SRA supervision.
Relationship management for small firms – 21 February 2011
Learn more about the role of relationship management in the context of outcomes-focused regulation. In this webinar, delivered on 21 February 2011, we explain how we're fashioning relationship management to help firms improve standards and enhance the reputation of providers of legal services.
Modernising regulation for Sole Practitioners – 3 February 2011
In this webinar, originally presented on 3 February 2011, we explain how a proposed section 69 order to amend the Administration of Justice Act 1985 and the Solicitors Act 1974 will allow us to treat sole practitioner firms in a similar way to other solicitors' firms, by removing the practising certificate (PC) endorsement mechanism and by bringing sole practitioners within the definition of a "recognised body".
Financial protection review consultation – 28 January 2011
In this webinar, originally presented on 28 January 2011, we explain how our proposals for a new approach to financial protection for consumers are designed to transform the focus of professional indemnity insurance on the particular risks of each firm's practice, so that it becomes more fit for purpose.
Outcomes-focused regulation – 13 December 2010
The architecture of change: the second Handbook consultation
Designed with sole practitioners and smaller firms in mind, this webinar, originally presented on 13 December 2010, covers
- the latest thinking on the SRA Handbook—guidance—indicative behaviours—compliance officers for legal practice (COLPs) and compliance officers for finance and administration (COFAs)—conflicts of interests,
- the impact on the market of the separate business proposals,
- changes to the definition of separate businesses.
Relationship management – 26 November 2010
Relationship management is a supervision model we are developing to support our implementation of outcomes focused-regulation in October 2011.
Relationship management entails using dedicated resources to supervise selected firms—in line with our assessment of the relevant risks.
Lessons learned from our pilot of relationship management, which is just beginning, will inform our decision whether to proceed with this form of supervision late next year.
In this webinar, originally presented on 26 November 2010 to sole practitioners and firms of 2–4 partners, we explain relationship management and address questions from participants.
Authorising firms and individuals to practise – 28 June 2010
This webinar examines the authorisation process and the information we will need to assess the risks that firms (including alternative business structures) and individuals present, so that we can minimise the extent to which unsuitable applicants can enter the profession.