SRA Standards and Regulations
Showing 189 results
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 Authorisation of Firms Rules
Restrictions on employment and remuneration of certain individuals
An authorised body must not employ or remunerate, or permit to be a manager, owner or interest holder of the body, a person: who is subject to an order under section 43 of the SA, without the SRA's written permission; whose name has been struck off the roll, or who is suspended from practising as a solicitor, without the SRA's written permission; in respect of whom there is a direction in...
Found in
SRA Authorisation of Firms Rules
Approval of role holders
Subject to rules 13.2 to 13.4, the SRA may approve a person's designation as a COLP or COFA or to be a manager or owner of an authorised body if it is satisfied that the individual is fit and proper to undertake the role, in accordance with the SRA Assessment of Character and Suitability Rules. The SRA will deem a person to be fit and proper to be a manager or owner of an authorised body if...
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 Any money improperly withheld or withdrawn from a client account must be immediately paid into the account or replaced as appropriate.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 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 Assessment of Character and Suitability Rules
Disclosure and evidential requirements
Subject to rule 6.3 below, on making an application under any of the provisions set out in rule 1.1, you must disclose all matters, wherever they have taken place (including overseas), which are relevant to the SRA's assessment of your character and suitability, including, where practicable, any information set out in Table 4 which is relevant to the matter in question. On making an...
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 Regulatory and Disciplinary Procedure Rules
Decisions to disqualify a person
An authorised decision maker may decide to disqualify a person under rule 3.1(c) only where they are satisfied that it is undesirable for the person to engage in the relevant activity or activities.
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