SRA Handbook

Distribution of beneficial entitlements

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Version 11 of the Handbook was published on 01/10/2014. For more information, please click 'History' Above

Rule 8: Distribution of beneficial entitlements

8.1

Any interest which has accrued on the statutory trust account under rule 2.2 will be distributed to beneficiaries on a pro-rata basis in proportion to the payments made to them or on such other basis as the SRA may decide.

8.2

In a case where the accounting records of the intervened practitioner are reconciled accounts, payments to beneficiaries will be made on the basis of the reconciled list.

8.3

In a case where the accounting records of the intervened practitioner are not reconciled accounts, payments to beneficiaries will be made on the basis of the best list.