SRA Handbook

Rule 2B: Application and waivers

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Version 18 of the Handbook was published on 01/11/2016. For more information, please click 'History' Above

Rule 2B: Application and waivers

2B.1

You:

(a)

as a regulated individual practising overseas must ensure that you; or

(b)

as a responsible authorised body, must ensure that your overseas practice, and those for whom you are responsible,

comply both with Parts 3 and 4 of these rules, and any applicable legal or regulatory requirements of the jurisdiction in which you or your overseas practice are practising relating to handling of client money or assets. If compliance with any provision of these rules would result in you or your overseas practice breaching local law or regulation, you may disregard that provision to the extent necessary to comply with the local requirements subject to the overriding obligations of Overseas Principle 6.

2B.2

In any particular case or cases the SRA may waive in writing any of the provisions of Parts 3 or 4 of these Rules, may place conditions on, and may revoke any waiver.