SRA Standards and Regulations

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SRA Application, Notice, Review and Appeal Rules

Rule

Education, Training and Assessment providers

As set out in the SRA Education, Training and Assessment Provider Regulations: A decision made under regulation 1.4(b) or 2.3(b) to refuse to grant approved education provider, authorised education provider or authorised training provider status. A decision made under regulation 1.4(a) or 2.3(a) to grant the application for approval or authorisation subject to such conditions and for such...
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SRA Application, Notice, Review and Appeal Rules

Rule

Regulatory and Disciplinary

As set out in the SRA Regulatory and Disciplinary Procedure Rules: A decision made under rule 3.1, save for a decision to make an application to the Tribunal under rule 3.1(g). A decision made under rule 3.2(a) to impose interim conditions. 2A. A decision made under rule 7.2 that a disqualification should remain in force. A decision made under rule 9.2 to publish a decision.
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SRA Application, Notice, Review and Appeal Rules

Rule

Firm authorisation

As set out in the SRA Authorisation of Firms Rules: A decision made under rule 2.2 to refuse authorisation of a recognised body or recognised sole practice. A decision made under rule 4.3 to revoke or suspend authorisation of a recognised body or recognised sole practice. A decision made under 3.1 to impose conditions on authorisation of a recognised body or recognised sole practice. A...
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SRA Education, Training and Assessment Provider Regulations

Regulation 4

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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SRA Education, Training and Assessment Provider Regulations

Regulation 2

Authorised training providers

Only an authorised training provider may provide a period of recognised training to trainees. An organisation may apply for authorisation as an authorised training provider and its application must demonstrate that it will meet the requirements of regulations 3 to 5 below. The SRA may, in relation to an application for approval or authorisation: grant the application, subject to such...
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SRA Accounts Rules

Rule 12

Obtaining and delivery of accountants' reports

If you have, at any time during an accounting period, held or received client money, or operated a joint account or a client's own account as signatory, you must: obtain an accountant's report for that accounting period within six months of the end of the period; and deliver it to the SRA within six months of the end of the accounting period if the accountant's report is qualified to show a...
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SRA Accounts Rules

Rule 6

Duty to correct breaches upon discovery

You correct any breaches of these rules promptly upon discovery. Any money improperly withheld or withdrawn from a client account must be immediately paid into the account or replaced as appropriate.
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SRA Statutory Trust Rules

Rule 6

Shortfall in statutory trust account

In cases where a shortfall is revealed between statutory trust monies held, and the beneficial entitlements shown in a reconciled list or best list, the SRA may rectify the position, in whole or in part, by the use of other monies taken into its possession in consequence of the intervention to which that list relates. Where, having applied additional funds under rule 6.1, a shortfall still...
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SRA Statutory Trust Rules

Rule 5

Verification of claims

The SRA may verify the individual potential beneficial entitlements claimed under rule 4 by examining all available evidence.
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SRA Authorisation of Firms Rules

Rule 4

Duration of authorisation

A body's authorisation takes effect from the date the certificate of authorisation is issued to it by the SRA. A body's authorisation shall cease to have effect: subject to Part 5, if the body ceases to exist; or if the body is a licensed body and is issued with a licence by another approved regulator. The SRA may revoke or suspend a body's authorisation, if: it is satisfied that the...