SRA Accounts Rules


These rules set out our requirements for when firms (including sole practices) authorised by us receive or deal with money belonging to clients, including trust money or money held on behalf of third parties. The rules apply to all firms we regulate, including all those who manage or work within such firms.

Firms will need to have systems and controls in place to ensure compliance with these rules and the nature of those systems must be appropriate to the nature and volumes of client transactions dealt with and the amount of client money held or received.

This introduction does not form part of the SRA Accounts Rules.

Part 1: General

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Part 2: Client money and client accounts

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Part 3: Dealing with other money belonging to clients or third parties

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Part 4: Accountants' reports and storage and retention of accounting records

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Supplemental notes

Made by the SRA Board on 30 May 2018.

Made under sections 32, 33A, 34, 37 of the Solicitors Act 1974, section 9 of the Administration of Justice Act 1985, and section 83(5)(h) of, and paragraph 20 of Schedule 11 to, the Legal Services Act 2007.

SRA Accounts Rules

You are reading current version in effect from 25 November 2019
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You are reading current version in effect from 25 November 2019



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