The SRA Handbook is no longer in effect. It was replaced by the SRA Standards and Regulations on 25 November 2019.
Version 5 of the Handbook was published on 01/10/2012. For more information, please click 'History' Above
Part 4: Repeals, commencement and transitional provisions
Rule 25: Repeals and commencement
These rules shall come into effect on 6 October 2011, whereupon the Solicitors' Compensation Fund Rules 2009 ("the 2009 Rules") shall cease to have effect save in respect of applications submitted before that date, which shall continue to be subject to the 2009 Rules.
Rule 26: Transitional and savings provisions
From 1 January 2013 , the savings provisions in rules 1.3, 2.4, 2.5 and 2.7 shall apply.
Subject to rule
25.1, from 1 January 2013 these rules shall have effect subject to the following amendments:
in rule 3.3(a) and (b) the words "or owner" shall be omitted;
in rule 3.3 the words "and, in the case of a defaulting licensed body, the act or default arose in the course of performance of a regulated activity" shall be omitted;
rule 4.4 shall be omitted;
5.1(c) shall be omitted;
5.4, the words "or a defaulting licensed body" and "or defaulting licensed body" shall be omitted;
7.1(i) shall be omitted;
8.2 the words ", and in the case of a defaulting licensed body the SRA does not consider such an undertaking to be part of its regulated activities" shall be omitted;
9.4 shall be omitted.
These rules shall not apply to licensed bodies until such time as the Society is designated as a licensing authority under Part 1 of Schedule 10 to the LSA and all definitions shall be construed accordingly.
In these rules references in the preamble to the rules being made under sections 21(2) and 83(5)(e) of, and paragraph 19 of Schedule 11 to, the Legal Services Act 2007 shall have no effect until the Society is designated as a licensing authority under Part 1 of Schedule 10 to the LSA.