SRA Standards and Regulations

Regulatory information

An authorised body must display in a prominent place on its website (or, in the case of a licensed body, the website relating to its legal services, if separate) its SRA number and the SRA's digital badge. An authorised body's letterhead and e-mails must show its SRA authorisation number and the words "authorised and regulated by the Solicitors Regulation Authority". A solicitor, an REL or RFL...

Authority

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Commencement and application

The Solicitors' Indemnity Rules 1987 as amended from time to time shall be further amended with effect from 1 October 2012 and shall continue in force thereafter in the form annexed hereto in which form they may be known as the SRA Indemnity Rules 2012. The Solicitors' Indemnity (Incorporated Practice) Rules 1991 as amended from time to time shall continue in force only in respect of the...

Indemnity Periods before 1 September 1987

The policies taken out and maintained and the certificates issued by the Society pursuant to the Solicitors' Indemnity Rules 1975 to 1986 shall continue to provide cover subject to and in accordance with their terms in respect of their respective periods up to and including 31 August 1987. They shall not provide cover in respect of any subsequent period.

Scope of indemnity

The following persons, namely: solicitors, former solicitors, RELs, persons formerly practising as RELs, RFLs practising in partnership with solicitors or RELs, persons formerly practising as RFLs in partnership with solicitors or RELs, non-registered European lawyers practising in partnership with RELs, and persons formerly practising as non-registered European lawyers in partnership with...

Exclusions from cover

The 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 practice for which it, he or she is responsible, not being property...

Source of indemnity

Any such indemnity shall be provided and any claim thereto shall lie and be made exclusively out of and against the fund. Solicitors Indemnity Fund Limited shall have no obligation to provide indemnity save to the extent that the same can be provided out of the fund. In no circumstances shall any claim to indemnity lie or be made against the Society or the Council or the Legal Services Board....

Maximum liability of the fund

The liability of the fund as stated in Rule 8.1(c) shall in no event exceed in respect of each such claim the indemnity limit for the relevant indemnity period. All claims arising from the same act or omission (whether or not made or intimated or arising out of circumstances notified during the same indemnity period and whether or not involving the same or any number of different practices or...

Power to require contributions

The Society shall have power to require principals to make contributions of such amount and on such basis as the Society may from time to time determine. Value Added Tax, to the extent chargeable on any relevant supply which takes or may be treated as taking place under or by virtue of these Rules, will be charged and payable in addition to and at the same time as any contributions payable...

Powers of the Society

Solicitors Indemnity Fund Limited shall hold, and have full power to manage and administer, the fund, subject only to: such directions, conditions and/or requirements as the Society may from time to time issue to or impose upon it expressly pursuant to this provision, and/or such further detailed arrangements as the Society may from time to time agree with it. Without limiting the generality...