The SRA Handbook is no longer in effect. It was replaced by the SRA Standards and Regulations on 25 November 2019.
Purpose of the overseas accounts provisionsBack to version 21
Version 7 of the Handbook was published on 01/04/2013. For more information, please click 'History' Above
Rule 47: Purpose of the overseas accounts provisions
The purpose of applying different accounts provisions to overseas practice is to ensure similar protection for client money (overseas practice) but by way of rules which are more adaptable to conditions in other jurisdictions.