SRA Handbook

Effect of a breach of these rules

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Version 5 of the Handbook was published on 01/10/2012. For more information, please click 'History' Above

Rule 6: Effect of a breach of these rules

6.1

The SRA may exercise its statutory powers in respect of any firm which breaches these rules.

6.2

In determining whether or not there has been a breach of these rules the SRA will take account of whether the firm has given due regard to the guidance issued by the Law Society or the SRA on how to determine whether regulated activities are carried on in accordance with these rules.

6.3

A firm which breaches these rules may:

(a)

Be committing a criminal offence under section 23 of FSMA; and

(b)

Be made subject to an order by the FSA under section 329 of FSMA which could prevent the firm from carrying on any regulated activities.