Maintenance of and contributions to the Fund

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You are reading current version in effect from 5 July 2021

Glossary terms

SRA

means the Solicitors Regulation Authority

solicitor

means a person who has been admitted as a solicitor of the Senior Courts of England and Wales and whose name is on the roll, save that in the SRA Indemnity Insurance Rules and the MTC this includes a person who practises as a solicitor whether or not the person has in force a practising certificate, and also includes practice under home title of a former REL who has become a solicitor

 

REL

means a European lawyer registered in the register of European lawyers

RFL

means a foreign lawyer registered in the register of foreign lawyers

recognised body

means a body recognised by the SRA under section 9 of the AJA

licensed body

means a body licensed by the SRA under section 71(2) of the LSA in accordance with the SRA Authorisation of Firms Rules

Fund

means the fund established and maintained under rule 1.1 of the SRA Compensation Fund Rules.

prescribed

means prescribed by the SRA from time to time