Maintaining trust and acting fairly

You are reading current version in effect from 25 November 2019
Guidance (6) Glossary terms (4)

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You are reading current version in effect from 25 November 2019

Guidance

Guidance

Investment schemes - Warning notice

Warning notice: This warning notice sets out the dangers of becoming involved in and facilitating dubious investment schemes.

Payment Protection Insurance claims - Warning notice

Warning notice: This warning notice sets out our concerns about is those we regulate acting in claims for mis-sold payment protection insurance (PPI).

Risk factors in personal injury claims - Warning notice

Warning notice: This warning notice reminds you of your obligations if you take personal injury referrals from third parties, work closely with them or act on their instructions.

Tax avoidance your duties - Warning notice

Warning notice: This reminds those advising clients about their tax affairs about the importance of understanding their regulatory obligations.

Public trust and confidence - Guidance

Guidance: To explain when you are likely to be found to have breached your obligation under Principle 2 to act in a way that upholds public trust and confidence.

Undertakings given by, or on behalf of, incorporated practices - Guidance

To explain your obligations when undertakings are provided by, or on behalf of, incorporated practices.

Glossary terms

client

means the person for whom you act and, where the context permits, includes prospective and former clients

in the SRA Financial Services (Scope) Rules, in relation to any regulated financial services activities carried on by an authorised body for a trust or the estate of a deceased person (including a controlled trust), means the trustees or personal representatives in their capacity as such and not any person who is a beneficiary under the trust or interested in the estate

undertaking

means a statement, given orally or in writing, whether or not it includes the word "undertake" or "undertaking", to someone who reasonably places reliance on it, that you or a third party will do something or cause something to be done, or refrain from doing something

court

means any court, tribunal or inquiry of England and Wales, or a British court martial, or any court of another jurisdiction

manager

means:

  1. the sole principal in a recognised sole practice;
  2. a member of a LLP;
  3. a director of a company;
  4. a partner in a partnership; or
  5. in relation to any other body, a member of its governing body