SRA Standards and Regulations
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Found in
SRA Financial Services (Conduct of Business) Rules
Disclosure of information
Where you undertake credit-related regulated financial services activities for a client, you must ensure that information in connection with such activities and any agreements to which they relate are communicated to the client in a way that is clear, fair and not misleading. Where you carry on the activity of credit broking, you must indicate in any advertising and documentation intended for...
Found in
SRA Accounts Rules
Client money
"Client money" is money held or received by you: relating to regulated services delivered by you to a client; on behalf of a third party in relation to regulated services delivered by you (such as money held as agent, stakeholder or held to the sender's order); as a trustee or as the holder of a specified office or appointment, such as donee of a power of attorney, Court of Protection deputy...
Found in
SRA Accounts Rules
Client account
You only maintain a client account at a branch (or the head office) of a bank or a building society in England and Wales. You ensure that the name of any client account includes: the name of the authorised body; and the word "client" to distinguish it from any other type of account held or operated by the authorised body. You must not use a client account to provide banking facilities to...
Found in
SRA Accounts Rules
Client money must be kept separate
You keep client money separate from money belonging to the authorised body. You ensure that you allocate promptly any funds from mixed payments you receive to the correct client account or business account. Where you are holding client money and some or all of that money will be used to pay your costs: you must give a bill of costs, or other written notification of the costs incurred, to the...
Found in
SRA Authorisation of Individuals Regulations
Qualifying work experience
Qualifying work experience must: comprise experience of providing legal services which provides you the opportunity to develop the prescribed competences for solicitors; be of a duration of a total of at least two years' full time or equivalent; and be carried out under an arrangement or employment with no more than four separate firms, educational institutions or other organisations. In...
Found in
SRA Authorisation of Individuals Regulations
Eligibility for admission of qualified lawyers
You will be eligible for admission as a solicitor if the SRA is satisfied: you hold a legal professional qualification that is recognised by the SRA, which confers rights to practise in England and Wales or in an overseas jurisdiction; and subject to regulation 3.2, you meet the criteria in regulation 1.1(a), (b),(d) and (e). Subject to regulation 3.3, if you hold a qualification recognised...
Found in
SRA Authorisation of Individuals Regulations
Eligibility requirements
You will be eligible for admission as a solicitor if the SRA is satisfied: you have successfully and satisfactorily completed: an apprenticeship leading to qualification as a solicitor; or the academic stage of training and the vocational stage of training; and as to your character and suitability to be a solicitor. The SRA may decide that it is satisfied that you have completed all or any...
Found in
SRA Authorisation of Individuals Regulations
Vocational stage
Your eligibility to commence the Legal Practice Course will be determined according to the requirements, approved by the SRA, of the relevant authorised education provider. Subject to regulation 3A.2, to complete the vocational stage of training you must complete: the Legal Practice Course; a period of recognised training; and the Professional Skills Course.
Found in
SRA Authorisation of Individuals Regulations
European Communities (Lawyer’s Practice) Regulations 2000
If you are an REL or you were an REL immediately before the end of IP completion day, you will be eligible for admission as a solicitor under Part V of the European Communities (Lawyer's Practice) Regulations 2000 to the extent that they continue to have effect in accordance with the Services of Lawyers and Lawyer's Practice (Revocation etc.) (EU Exit) Regulations 2020, if: you satisfy the...
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