The SRA Handbook is no longer in effect. It was replaced by the SRA Standards and Regulations on 25 November 2019.
Record of commissions
Version 21 of the Handbook was published on 06/12/2018. For more information, please click 'History' Above
Rule 6: Record of commissions
Any financial benefit has to be dealt with in accordance with Outcome (1.15) in Chapter 1 of the SRA Code of Conduct. However, firms should bear in mind that in the case of commissions attributable to regulated activities, firms must also comply with the requirements of the SRA Financial Services (Scope) Rules 2001, rule 4 (c).
The record could be a letter or bill of costs provided the information is clear.