You are reading current version in effect from 25 November 2019

Guidance (2) Glossary terms (6)

The SRA's approach to financial penalties - Guidance

Guidance: for our decision makers to assist them in arriving at an appropriate financial penalty for the individuals and firms we regulate.

Decision-making, reviews and attendance procedures

This document sets out how we make a first instance decision (FID) and how we deal with an application for an internal review of that decision.

in relation to a decision, means a person authorised to make that decision by the SRA under a schedule of delegation

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.

subject to sub-paragraph below, means a person who is authorised by the SRA or another approved regulator to carry on a legal activity as defined under s12 of the LSA and the term "non-authorised person" shall be construed accordingly; and
in the SRA Financial Services (Scope) Rules, has the meaning given in section 31 of the FSMA

means the Solicitors Regulation Authority

includes a body of persons (corporate or unincorporated)

means prescribed by the SRA from time to time