The SRA Handbook is no longer in effect. It was replaced by the SRA Standards and Regulations on 25 November 2019.
Version 20 of the Handbook was published on 01/10/2018. For more information, please click 'History' Above
Part 2: Repeal, commencement and transitional provisions
Rule 7: Repeal, commencement and transitional provisions
These rules repeal the Solicitors' Investment Business Rules 1995.
These rules come into force on 1 December 2001.
The rules shall not apply to licensed bodies until such time as the Law Society is designated as a licensing authority under Part 1 of Schedule 10 to the Legal Services Act 2007 and all definitions shall be construed accordingly. In these rules references in the preamble to the Rules being made under section 83 of the Legal Services Act 2007 shall have no effect until the Law Society is designated as a licensing authority under Part 1 to Schedule 10 of the Legal Services Act 2007.
Rule 8: Interpretation
The SRA Handbook Glossary 2012 shall apply and, unless the context otherwise requires:
all italicised terms shall be defined; and:
all terms shall be interpreted,
in accordance with the Glossary.
In these rules references to statutes, rules, codes or regulations, statements or principles etc other than these rules include any modification or replacement thereof.
As the context requires, other words and expressions shall have the meanings assigned to them by the Interpretation Act 1978, FSMA and the SA.
References in these rules to activities carried on by a firm include activities carried on by an individual as sole principal, manager or employee of the firm.