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Client account withdrawals

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Facilitation payments under the Bribery Act 2010

Facilitation payments under the Bribery Act 2010

Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small...

What is a solicitor's undertaking?

What is a solicitor's undertaking?

An undertaking is a commitment by a solicitor to do something. It can be enforced against the solicitor by the courts. Failure to comply with an...

Active bribery, passive bribery and bribing foreign public officials

Active bribery, passive bribery and bribing foreign public officials

The purpose of this Practice Note is to provide a general understanding of the offences under section 1, 2 and 6 of the Bribery Act 2010 (BA 2010). It...

High-risk third countries tracker

High-risk third countries tracker

This Practice Note lists high-risk third countries identified by the Financial Action Task Force (FATF), HM Treasury and the European Commission as...

Precedents

Modern slavery: contract clauses

1DefinitionsModern Slavery Policy•means the Customer's anti-slavery and human trafficking policy as set out in Schedule [insert] as updated by the...
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9th Nov
tag iconIn-house
Practice notes

AML and counter-terrorist financing—source of funds

Source of funds and wealth was a key focus of the SRA’s Preventing Money Laundering and Financing of Terrorism thematic review, published in March...
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9th Nov
tag iconIn-house
Practice notes

Introduction to retained EU law

This Practice Note provides an introduction to retained EU law, which is an entirely new legal concept introduced to UK domestic law in preparation...
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9th Nov
tag iconBrexit
Precedents

Standard contractual clauses—set II—controller to controller (Model Clauses)

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see...
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9th Nov
Precedents

Anti-bribery and corruption for law firms—post-training assessment questions

How to use this testThese questions are designed to test your understanding after your attendance at our training on avoiding bribery and...
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9th Nov
Practice notes

Compliance officer for legal practice—COLP—title and duties 2011 [Archived]

The compliance officer for legal practice (COLP) sits at the heart of the firm's regulatory arrangements. This does not mean that the firm and its...
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9th Nov

Most recent Client account withdrawals content

Practice notes

SRA Accounts Rules 2019

This Practice Note sets out the requirements of the SRA Accounts Rules 2019 (the 2019 Rules), in force from 25 November 2019, together with supporting...
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3rd Nov
Precedents

Accounts manual for accounts or finance team—law firms 2019

1IntroductionThis document sets out our [accounting OR finance] systems and controls. Any person working in the firm’s [Accounts OR Finance]...
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9th Oct
Precedents

Accounts manual for staff—law firms 2019

1Introduction1.1This accounts manual sets out our [accounting OR finance] systems and controls for fee earners and other non-[accounts OR finance]...
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9th Oct
Q&As

We maintain a central register of money held outside of client account under Rule 14. In some instances, money which would normally be held outside of client account has been converted into investments such as bonds and shares. Should these be included in the register and if so how would they be recorded and how often would the register need to be updated? In particular I am thinking in the case of shares where the value of the holding may vary day by day.

Guidance is provided under Rule 14 as detailed below which helps to clarify what the firm’s obligations are under the Solicitors Regulation Authority...
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Produced in partnership with Sarah Charlton of ILFM 28th Sep
Practice notes

Cheque signatories and withdrawals from client account 2011 [Archived]

The SRA AR 2011 require specific authority for a withdrawal from client account by an appropriate person. This practice note aims to help you consider...
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27th Sep
Precedents

Procedure for client account withdrawals

Money can be withdrawn from client account in different ways, eg by cash, cheque, BACS or simply transferring it to a different account.All...
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26th Sep
Precedents

Client account withdrawals—annual review

A: General informationDate of annual reviewPerson(s) conducting annual reviewB: Review and findingsDo you need to review who are appropriate persons...
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26th Sep
Precedents

Register of approved signatories

The following table contains a register of people who are approved to sign on client account, including a description of their authority levels.Name...
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26th Sep
Practice notes

Client account withdrawals 2019—law firms

This Practice Note sets out the requirements of the SRA Accounts Rules 2019, in force from 25 November 2019, regarding client account withdrawals. It...
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25th Sep

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