Interim payments

You are reading current version in effect from 25 November 2019
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You are reading current version in effect from 25 November 2019

Guidance

Guidance

How we deal with money when we intervene (Statutory Trusts)

This guidance is to help you understand your obligations and how to comply with them. We may have regard to it when exercising our regulatory functions.

Glossary terms

SRA

means the Solicitors Regulation Authority

beneficiary

means a person with a beneficial entitlement to funds held by the Law Society on statutory trust

statutory trust account

means an account in which statutory trust monies are held by the Law Society following an intervention