Home / Practice Compliance

Legal News

SRA updates guidance on firm inspections

Published on: 24 July 2023

Published by LNB News

LNB News 24/07/2023

Document Information

Issue Date: 24 July 2023

Published Date: 24 July 2023

Jurisdiction(s): England and Wales

Article summary

On 24 July 2023, the Solicitors Regulation Authority (SRA) updated its guidance on its anti-money laundering (AML) firm inspections. Ahead of an inspection, firms are now required to send review documents within 10 days, whereas previously firms were required to send review documents within 21 days.

Popular documents

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin

Legal News