SRA Update

Welcome to the latest issue of SRA Update. It’s November, which marks the start of our new business year. With it comes our latest Business Plan, which sets out our work for the next year, which you can find out about in this issue. As well as making sure that the solicitor profession maintains the high standards we and the public expect, we will continue to explore the opportunities that lawtech and innovation offer, and increasing our work on anti-money laundering. Also this month, we still welcome your views on a number of proposals including running our own indemnity scheme for claims made after six years of a firm closing, our new financial penalties regime and updates to the police representatives accreditation scheme.

Welcome to the Compliance News section of the latest issue of SRA Update. Our annual Compliance Officer Conference was a great success and it was fantastic that so many of you chose to join us for informative talks and networking opportunities. For those that could not make it, then next week we’ll be holding our virtual version of key discussions, so sign up now. Also this month, you should be aware of the general licence issued by the Office for Financial Sanctions Implementation for those working with Russian and Belarusian clients, and we continue to check for compliance with our transparency rules.