SRA Standards and Regulations
Showing 238 results
Found in
SRA Compensation Fund Rules 2021
Foreign lawyers
The SRA shall not make a grant in respect of any act or omission of an REL, or the employee of an REL, where such act or omission took place outside the UK, unless the SRA is satisfied that the act or omission was, or was closely connected with, the act or omission of a solicitor or the employee of a solicitor, or that the act or omission was closely connected with the REL's practice in the...
Found in
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:...
Found in
SRA Overseas and Cross-border Practice Rules
Application
The Overseas Rules apply to you: as a regulated individual who is practising overseas, in place of the SRA Principles and the SRA Code of Conduct for Individuals; or as a responsible authorised body in that you must ensure that your overseas practice and the individual managers, members and owners that are involved in the day to day or strategic management of your overseas practice, comply...
Found in
SRA Education, Training and Assessment Provider Regulations
Requirements for recognised training
A period of recognised training must: unless regulation 4.2 applies, be of a duration of a total of at least two years full time, or equivalent; ensure that the trainee has applied and developed the skills as set out in the Practice Skills Standards; be appropriately supervised by solicitors and other individuals who have adequate legal knowledge and experience in the practice area they are...
Found in
SRA Education, Training and Assessment Provider Regulations
Authorised training providers
Only an authorised training provider may provide a period of recognised training to trainees. An organisation may apply for authorisation as an authorised training provider and its application must demonstrate that it will meet the requirements of regulations 3 to 5 below. The SRA may, in relation to an application for approval or authorisation: grant the application, subject to such...
Found in
SRA Accounts Rules
Obtaining and delivery of accountants' reports
If you have, at any time during an accounting period, held or received client money, or operated a joint account or a client's own account as signatory, you must: obtain an accountant's report for that accounting period within six months of the end of the period; and deliver it to the SRA within six months of the end of the accounting period if the accountant's report is qualified to show a...
Found in
SRA Accounts Rules
Duty to correct breaches upon discovery
You correct any breaches of these rules promptly upon discovery. Any money improperly withheld or withdrawn from a client account must be immediately paid into the account or replaced as appropriate.
Found in
SRA Statutory Trust Rules
Shortfall in statutory trust account
In cases where a shortfall is revealed between statutory trust monies held, and the beneficial entitlements shown in a reconciled list or best list, the SRA may rectify the position, in whole or in part, by the use of other monies taken into its possession in consequence of the intervention to which that list relates. Where, having applied additional funds under rule 6.1, a shortfall still...
Found in
SRA Statutory Trust Rules
Verification of claims
The SRA may verify the individual potential beneficial entitlements claimed under rule 4 by examining all available evidence.
Found in