SRA Standards and Regulations
Showing 289 results
Found in
SRA Financial Services (Conduct of Business) Rules
Treating complaints fairly
Notwithstanding your complaints handling obligations in the SRA Code of Conduct for Firms, you must have in place and operate appropriate and effective procedures for registering and responding to complaints from a person who is not a client.
Found in
SRA Financial Services (Conduct of Business) Rules
Exclusions for large risks
Only rules 9, 13, 14, 18, 19, 20 and 22 apply where you carry on insurance distribution activities for commercial clients in relation to contracts of insurance covering risks within the following categories: railway rolling stock, aircraft, ships (sea, lake, river and canal vessels), goods in transit, aircraft liability and liability of ships (sea, lake, river and canal vessels); credit and...
Found in
SRA Financial Services (Conduct of Business) Rules
Disclosure of information
Where you undertake credit-related regulated financial services activities for a client, you must ensure that information in connection with such activities and any agreements to which they relate are communicated to the client in a way that is clear, fair and not misleading. Where you carry on the activity of credit broking, you must indicate in any advertising and documentation intended for...
Found in
SRA Regulatory and Disciplinary Procedure Rules
Decisions to impose a financial penalty
An authorised decision maker may decide to direct the payment of a financial penalty under rule 3.1(b), where this is appropriate to: remove any financial or other benefit arising from the conduct; maintain professional standards; or uphold public confidence in the solicitors' profession and in legal services provided by authorised persons. Where the SRA recommends the imposition of a...
Found in
SRA Roll, Registers and Publication Regulations
Information in respect of individuals
The roll, and the registers in regulation 1.1(b) to (d) shall contain the following information in respect of each individual included in the same: their full name; their authorisation number; the date of their admission as a solicitor or commencement of their registration, as appropriate; in respect of solicitors that hold a current practising certificate, the fact that they do so and the...
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
Losses outside the remit of the Fund
For the avoidance of doubt, the SRA shall not make a grant in respect of losses that: arise solely by reason of professional negligence by a defaulting practitioner, or the employee or manager of a defaulting practitioner, save as provided for in rule 3.4; are indirect or consequential, save where the SRA exercises its discretion to make a grant: under rule 8; for costs of completing or...
Found in
SRA Indemnity Insurance Rules
Responsibility
Each authorised body, and any principal of such a body, must ensure that the authorised body complies with these rules. Each authorised body that has been unable to obtain a policy of qualifying insurance prior to the expiration of the extended policy period, and any principal of such a body, must ensure that the authorised body, and each principal or employee of the body, undertakes no...
Found in
SRA Indemnity Insurance Rules
Special provisions for RELs
If: one or more of the principals of an insured firm are RELs who claim that professional indemnity insurance, or a professional indemnity fund, under their home professional rules provides the insured firm's practice with professional indemnity cover in all respects equivalent in its conditions and extent to that which would be provided under the MTC (Full Home State Cover); no more than 25%...
Found in