SRA Standards and Regulations
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Found in
SRA Overseas and Cross-border Practice Rules
Dealings with client money
In all dealings you have with client money (overseas) you must: safeguard client money and assets entrusted to you; keep client money (overseas), separate from money which belongs to you; on receipt, pay client money (overseas) promptly into, and hold it in, an overseas client account, unless: to do so would conflict with your obligations under local law or regulation or with any obligation...
Found in
SRA Financial Services (Conduct of Business) Rules
Retention of records
Each record which is made under these rules shall be kept for at least six years from the date it is made.
Found in
SRA Financial Services (Conduct of Business) Rules
Use of intermediaries
You must not use, or propose to use, the services of another person consisting of: insurance distribution; reinsurance distribution; insurance distribution activity; or home finance mediation activity, unless the person: has permission to carry on the activity under Part 4A FSMA; is permitted to carry on the activity under an exemption made in or under FSMA, to the general prohibition set out...
Found in
SRA Financial Services (Conduct of Business) Rules
Appropriation of payments
Where you are entitled to payments from the same client in respect of two or more regulated credit agreements, you must allow the client to put any payments made, in respect of those agreements, towards the satisfaction of the sum due under any one or more of the agreements in such proportions as the client thinks fit.
Found in
SRA Financial Services (Conduct of Business) Rules
Consumer credit guidance
Where you undertake credit-related regulated financial services activities, you must have regard to any guidance issued by the SRA from time to time relating to such activities.
Found in
SRA Regulatory and Disciplinary Procedure Rules
Applications for termination of certain orders
Where a person has been: disqualified from acting as a HOLP or HOFA, or a manager or employee of a body licensed under the LSA; made subject by the SRA to an order under section 43(2) of the SA; or made subject by the SRA to an order suspending their practising certificate or registration in the register of European lawyers, the register of foreign lawyers, or the register of Swiss lawyers,...
Found in
SRA Regulatory and Disciplinary Procedure Rules
Costs
An authorised decision maker may require a person who is the subject of a decision under rule 3.1(a) to (f) to pay a charge in accordance with Schedule 1 to these rules. The authorised decision maker may decide to charge less than the amount that would be payable in accordance with Schedule 1 if they consider that it would be just in all the circumstances to do so. Any charge must be paid by...
Found in
SRA Indemnity Fund (Enactment) Rules
Commencement and application
The Solicitors' Indemnity Rules 1987 as amended from time to time shall be further amended with effect from 1 October 2023 and shall continue in force thereafter in the form annexed hereto in which form they may be known as the SRA Indemnity Fund Rules. The Solicitors' Indemnity (Incorporated Practice) Rules 1991 as amended from time to time shall continue in force only in respect of the...
Found in
SRA Roll, Registers and Publication Regulations
General provisions
The SRA may include in the roll or registers such other prescribed information it considers conducive to help it meet the regulatory objectives. The SRA shall keep and publish lists of: orders made by the Tribunal and disciplinary or regulatory decisions made under the SRA Regulatory and Disciplinary Procedure Rules, in respect of individuals who are not solicitors, RELs, RFLs or RSLs...
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