SRA Standards and Regulations
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SRA Overseas and Cross-border Practice Rules
Reporting, cooperation and accountability
You must cooperate with the SRA, other regulators, ombudsmen and those bodies in England and Wales, with a role overseeing and supervising the delivery of, or investigating in relation to, legal services. You must monitor compliance with these rules, and report any serious breach to the SRA when this occurs, or as soon as reasonably practicable thereafter. You must notify the SRA promptly if:...
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SRA Authorisation of Firms Rules
Annex 1: Transitional arrangements under paragraph 7(3) of Schedule 5 to the LSA
A licensable body will be eligible to be a recognised body if as at 6 October 2011, it has been recognised by the SRA under section 9 of the AJA but has an interest holder or manager that is not a lawyer or a legally qualified body. It shall continue to be treated as a recognised body for the purposes of these rules and the SRA's regulatory arrangements until: such time as it ceases to comply...
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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...
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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.
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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.
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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,...
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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...
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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...
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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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