The SRA Handbook is no longer in effect. It was replaced by the SRA Standards and Regulations on 25 November 2019.
SRA Handbook
Regulatory conflict
Back to version 21Version 9 of the Handbook was published on 01/04/2014. For more information, please click 'History' Above
Rule 11: Regulatory conflict
- 11.1
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If a conflict arises between:
- (a)
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a requirement imposed:
- (i)
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on an authorised body or on an employee or manager of the body by the SRA as the regulator of that body, and
- (ii)
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on an individual manager or employee of that body by another approved regulator;
then the requirement imposed by the SRA prevails over the requirement imposed by the other approved regulator;
- (b)
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a requirement imposed:
- (i)
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on an authorised non-SRA firm or on an employee or manager of the firm by another approved regulator as the regulator of that firm, and
- (ii)
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on an individual manager or employee of that firm by the SRA;
then the requirement imposed by the other approved regulator prevails over the requirement imposed by the SRA.