SRA Standards and Regulations
Showing 314 results
Found in
SRA Authorisation of Firms Rules
Annex 2: Professional services
The professional services referred to in rule 6.1(b) are: Alternative dispute resolution. Financial services. Estate agency. Management consultancy. Company secretarial services. Other professional and specialist business support services including human resources, recruitment, systems support, outsourcing, transcription and translating. Acting as a parliamentary agent. Practising as a lawyer...
Found in
SRA Assessment of Character and Suitability Rules
Application
These rules apply where the SRA is making a decision as to whether it is satisfied regarding your character and suitability: on early assessment under regulation 5.2 of the SRA Authorisation of Individuals Regulations; at admission or restoration to the roll under regulations 1.1, 3.1, 3A.1, 3F.1, 4.1, 4.2 and 5.9 of the SRA Authorisation of Individuals Regulations; on approval as an...
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
Publication of information
The SRA shall publish all entries on the roll or registers, except for any address included under regulation 2.1(h). If the SRA considers that it would be in the public interest to do so, it may withhold from publication any or all of the information subject to publication under regulation 5.1. The SRA may publish such further information or classes of information as it may consider in the...
Found in
SRA Statutory Trust Rules
Identifying beneficial entitlements
The SRA will create a reconciled list or a best list in respect of statutory trust monies held, using the information which it has available. In creating a reconciled list or a best list, any sums of money which are identified within a statutory trust account as being payments on account of fees or unpaid disbursements, or which are equivalent to the costs incurred in a matter to which the...
Found in
SRA Statutory Trust Rules
Holding statutory trust monies
The SRA shall place all statutory trust monies in an identifiable statutory trust account. All interest earned on the funds held in any statutory trust account shall be paid into that account.
Found in
SRA Accounts Rules
Storage and retention of accounting records
You must store all accounting records securely and retain these for at least six years.
Found in
SRA Statutory Trust Rules
Distribution of beneficial entitlements
In a case where the accounting records of the intervened practitioner are reconciled accounts, payments to beneficiaries will be made on the basis of the reconciled list. In a case where the accounting records of the intervened practitioner are not reconciled accounts, payments to beneficiaries will be made on the basis of the best list. Any interest which has accrued on a statutory trust...
Found in
SRA Indemnity Fund Rules
Exclusions from cover
The Indemnity Fund shall not afford any indemnity in respect of any loss arising out of any claim: for death, bodily injury, physical loss or physical damage to property of any kind whatsoever (other than property in the care, custody and control of the previous practice or member thereof in connection with its, his or her private legal practice for which it, he or she is responsible, not...
Found in