SRA Standards and Regulations
Showing 238 results
Found in
SRA Compensation Fund Rules 2021
Interest
In respect of any grants made under rules 3, 6 or 7 the SRA may make a supplementary grant by way of a sum in lieu of lost interest on the loss underlying the principal grant. Such interest will be calculated by the SRA in accordance with prescribed rates. Where the application for the principal grant is in respect of a failure to redeem a mortgage, the SRA may also make a grant in respect of...
Found in
SRA Compensation Fund Rules 2021
Conduct of the applicant and contribution to loss
A grant may be refused or reduced to take account of: dishonest, improper or unreasonable conduct by the applicant or anyone acting on their behalf: in the circumstances that gave rise to the application; in relation to the application itself; or failure to pursue the application promptly, co-operatively and in good faith. A grant may be refused or reduced to take account of any act or...
Found in
SRA Compensation Fund Rules 2021
Refusal of an application
If the SRA refuses to make a grant of either the whole or part of the amount applied for, the applicant will be informed in writing of the reasons for the decision. The fact that an application has been rejected does not prevent a further application being submitted provided that material new relevant evidence or information is produced in support of the new application.
Found in
SRA Indemnity Insurance Rules
Insolvency of participating insurer
If an authorised body is carrying on a practice which is being provided with qualifying insurance by a participating insurer (whether alone or together with another participating insurer) and that participating insurer is the subject of an insolvency event then the authorised body and any principal of the body must ensure that the authorised body has in place qualifying insurance with another...
Found in
SRA Indemnity Insurance Rules
SRA Minimum Terms and Conditions of Professional Indemnity Insurance
1. Scope of cover Civil liability Subject to the limits in clause 2, the insurance must indemnify each insured against civil liability to the extent that it arises from private legal practice in connection with the insured firm's practice, (including its prior practice and (unless run-off cover is provided in accordance with clause 5.3) any successor practice) provided that a claim in respect...
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 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 3A.1 to...
Found in
SRA Code of Conduct for Firms
Service and competence
You only act for clients on instructions from the client, or from someone properly authorised to provide instructions on their behalf. If you have reason to suspect that the instructions do not represent your client's wishes, you do not act unless you have satisfied yourself that they do. However, in circumstances where you have legal authority to act notwithstanding that it is not possible to...
Found in
SRA Code of Conduct for Firms
Conflict of interests
You do not act if there is an own interest conflict or a significant risk of such a conflict. You do not act in relation to a matter or a particular aspect of it if you have a conflict of interest or a significant risk of such a conflict in relation to that matter or aspect of it, unless: the clients have a substantially common interest in relation to the matter or the aspect of it, as...
Found in
SRA Authorisation of Individuals Regulations
Recognition of Professional Qualifications and Implementation of International Recognition Agreements (Amendment) Regulations 2023
If you are a Swiss lawyer, you will be eligible for admission as a solicitor under Part 2 of The Recognition of Professional Qualifications and Implementation of International Recognition Agreements (Amendment) Regulations 2023 (as amended) if: you satisfy the requirements of those regulations; and the SRA is satisfied as to your character and suitability to be a solicitor.
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