SRA publishes new rule guidance
To accompany the forthcoming arrival of the SRA’s new Standards and Regulations on November 25th, the SRA have started to produce a range of resources for those wanting to learn more about the new rules.
As ever with much of the information published by the SRA it is neither easy to find nor easy to move between online, but once found it is a reasonably accessible body of information.
The guidance is to be found in the Standards and Regulations section of Hot Topics on the SRA home page and currently contains both accounts rules guidance and authorisation guidance. This includes:
Accounts Rules guidance
- Accountant’s report and the exemption to obtain one
- Do I need to operate a client account?
- Helping you keep accurate client accounting records
- Joint accounts and record keeping
- Planning for and completing an accountant’s report
- Third-party managed accounts
- Firm authorisation
- Can my business be authorised?
- Does my business need to be authorised?
- Preparing to become a sole practitioner or an SRA-regulated independent solicitor
- When do I need a practising certificate?
The other main resource is a Beta site that the SRA have set up containing details of all of the new Standards and Regulations and which can be found at https://beta.sra.org.uk/ .
This contains an index of the information in the site broken down thematically and then individual links to the various elements of the Standards and Regulations including the Principles, Codes of Conduct, Accounts Rules, Authorisation Rules and so forth.