SRA Standards and Regulations
Showing 255 results
Found in
SRA Code of Conduct for Firms
Compliance and business systems
You have effective governance structures, arrangements, systems and controls in place that ensure: you comply with all the SRA's regulatory arrangements, as well as with other regulatory and legislative requirements, which apply to you; your managers and employees comply with the SRA's regulatory arrangements which apply to them; your managers and interest holders and those you employ or...
Found in
SRA Code of Conduct for Firms
Compliance officers
If you are a COLP you must take all reasonable steps to: ensure compliance with the terms and conditions of your firm's authorisation; ensure compliance by your firm and its managers, employees or interest holders with the SRA's regulatory arrangements which apply to them; ensure that your firm's managers and interest holders and those they employ or contract with do not cause or substantially...
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 Authorisation of Individuals Regulations
Revocation and expiry
The SRA may revoke a practising certificate, or withdraw registration in the register of European lawyers, the register of foreign lawyers and the register of Swiss lawyers at any time, if the SRA is satisfied: that the practising certificate or registration was granted or renewed as a result of error, misleading or inaccurate information, or fraud; that the replacement or renewal date has...
Found in
SRA Authorisation of Individuals Regulations
Regulated claims management activities
If you are a solicitor, an REL, RFL or RSL you may carry on regulated claims management activities or activities that would be regulated claims management activities but for the exclusion in article 89N of the Regulated Activities Order, provided that such work is undertaken through: a body authorised to carry on reserved legal activities; or if the work does not comprise reserved legal...
Found in
SRA Authorisation of Individuals Regulations
Commencement, revocation, and transitional provisions
Regulations 1.1 to 3.3 come into force on a date to be determined in an order made by the SRA Board. [Note: this date is 1 September 2021] Regulations 4.2 and 10.3 to come into force on a date to be determined in an order made by the SRA Board. Subject to regulations 11.3 to 11.7, regulations 3A.1 to 3F.4 shall be revoked on the date determined in accordance with regulation 11.1. Regulations...
Found in
SRA Financial Services (Conduct of Business) Rules
Record of commissions
Where you receive commission which is attributable to your regulated financial services activities, you must keep a record of: the amount of the commission; and how you have accounted to the client.
Found in
SRA Financial Services (Conduct of Business) Rules
Communication and disclosure
You must ensure that, in relation to insurance distribution: you communicate all information, including marketing communications, in a way that is clear, fair and not misleading. your marketing communications are always clearly identifiable as such.
Found in
SRA Financial Services (Conduct of Business) Rules
Remuneration disclosure
In good time before the conclusion of the initial contract of insurance and if necessary, on its amendment or renewal, you must provide the client with information: on the nature of the remuneration received in relation to the contract of insurance; about whether in relation to the contract you work on the basis of: a fee, that is remuneration paid directly by the client; a commission of any...
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