SRA Standards and Regulations
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Found in
SRA Education, Training and Assessment Provider Regulations
Training principals
The training principal for an authorised training provider must: be a solicitor holding a current practising certificate or be a practising barrister; notify the SRA in the prescribed form before any individual commences a period of recognised training or if this is not possible then as soon as practicable thereafter; ensure that the training provided meets the requirements of regulation 4;...
Found in
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.
Found in
SRA Accounts Rules
Client money
"Client money" is money held or received by you: relating to regulated services delivered by you to a client; on behalf of a third party in relation to regulated services delivered by you (such as money held as agent, stakeholder or held to the sender's order); as a trustee or as the holder of a specified office or appointment, such as donee of a power of attorney, Court of Protection deputy...
Found in
SRA Accounts Rules
Client account
You only maintain a client account at a branch (or the head office) of a bank or a building society in England and Wales. You ensure that the name of any client account includes: the name of the authorised body; and the word "client" to distinguish it from any other type of account held or operated by the authorised body. You must not use a client account to provide banking facilities to...
Found in
SRA Accounts Rules
Client money must be kept separate
You keep client money separate from money belonging to the authorised body. You ensure that you allocate promptly any funds from mixed payments you receive to the correct client account or business account. Where you are holding client money and some or all of that money will be used to pay your costs: you must give a bill of costs, or other written notification of the costs incurred, to the...
Found in
SRA Indemnity Fund Rules
Powers of the SRA
The SRA shall hold, and have full power to manage and administer, the Indemnity Fund, subject only to: such directions, conditions and/or requirements as the SRA may from time to time issue to or impose upon it expressly pursuant to this provision, and/or such further detailed arrangements as the SRA may from time to time agree with it. Without limiting the generality of Rule 17.1, the...
Found in
SRA Application, Notice, Review and Appeal Rules
Power to conduct a review
The SRA may: where an administrative error in, or in relation to any decision comes to the SRA's attention, correct the error without the need to undergo a review under this Part; review all or part of any regulatory decision reached by it, of its own initiative, under this Part. Subject to rule 3.3, the SRA may review all or part of any of the regulatory decisions set out in annex 1 on the...
Found in
SRA Application, Notice, Review and Appeal Rules
Taking effect of decisions subject to review or appeal
Unless specified otherwise, subject to rule 6.2, a decision takes effect: if no application for a review or appeal is made, on the expiry of the date for bringing such an application under these rules; and if an application for a review or an appeal is made, on the date any review or appeal has been determined or discontinued. The SRA may direct a decision to take immediate effect, where it...
Found in
SRA Application, Notice, Review and Appeal Rules
Miscellaneous
A refusal to grant permission to a solicitor to employ or remunerate in connection with their practice any individual who to their knowledge has been disqualified from practising as a solicitor as a result of being struck off the roll; or who is suspended from practice as a solicitor; or whose practising certificate is suspended as a result of being an undischarged bankrupt.
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