SRA Standards and Regulations
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SRA Indemnity Fund Rules
Maintenance and termination of the fund
The Indemnity Fund shall continue to be held, managed and administered by the SRA for so long as and to the extent that the SRA may consider necessary or appropriate for the purpose of providing indemnity in respect of any claim(s) made or intimated during any indemnity period and/or during or subsequent to any indemnity period arising out of circumstances notified during any indemnity period...
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SRA Education, Training and Assessment Provider Regulations
Police Station Representative Accreditation Scheme assessment providers
Only an organisation approved by the SRA may provide assessments for the Police Station Representative Accreditation Scheme. An organisation may apply to the SRA in such manner as may be prescribed to be approved to provide such assessments. The SRA may, in relation to an application for approval: grant the application, subject to such conditions as it considers appropriate; or refuse the...
Found in
SRA Education, Training and Assessment Provider Regulations
Education providers
Only an approved education provider may provide and assess: a Qualifying Law Degree; a CPE; an Exempting Law Degree; or an Integrated Course. Only an authorised education provider may provide and assess the Legal Practice Course or the Professional Skills Course. An organisation may apply to the SRA in such manner as may be prescribed to be an approved education provider or an authorised...
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SRA Education, Training and Assessment Provider Regulations
Requirements for authorised training providers
An authorised training provider must: have in place a training principal for the whole duration of any period of recognised training, who meets the requirements of regulation 5 and whose identity has been notified to the SRA in the prescribed form; and pay the fees and expenses for each trainee's first attempt at the Professional Skills Course.
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SRA Education, Training and Assessment Provider Regulations
Requirements for recognised training
A period of recognised training must: unless regulation 4.2 applies, be of a duration of a total of at least two years full time, or equivalent; ensure that the trainee has applied and developed the skills as set out in the Practice Skills Standards; be appropriately supervised by solicitors and other individuals who have adequate legal knowledge and experience in the practice area they are...
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The prescribed circumstances in which you can withdraw client money from client account to pay to a charity of your choice
Prescribed circumstances under Rule 5.1 (c)
You may withdraw residual client balances of £500 or less on any one client matter from a client account provided: the balance is paid to a charity of your choice you have taken reasonable steps to return the money to the rightful owner. The reasonableness of such steps will depend on: the age of the residual balance; the amount of the residual balance; if you have access to the client's most...
Found in
SRA Indemnity Insurance Rules
Use of information
Each authorised body must notify the SRA (or such person as the SRA may notify to the authorised body from time to time) and its participating insurer in writing as soon as reasonably practicable and in any event no later than five business days after the date on which: the authorised body enters an extended policy period; the authorised body has entered the cessation period; and where the...
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SRA Indemnity Insurance Rules
RELs
The provisions contained in annex 2 to these rules apply to an authorised body that has at least one principal who is an REL.
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SRA Indemnity Insurance Rules
Application
These rules apply to authorised bodies and their principals.
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