Residual balances

View Practice Compliance by content type:

Latest Practice Compliance News

Featured Practice Compliance content

Practice notes
AML and counter-terrorist financing—source of funds and source of wealthSource of funds and wealth was a key focus of the SRA’s Preventing Money...
Read More >
19th May
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
Read More >
19th May
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...
Read More >
19th May
Practice notes
Brexit—exiting the EU under Article 50 [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note contains...
Read More >
Produced in partnership with Adam Cygan of University of Leicester 19th May
Practice notes
SRA Accounts Rules 2019This Practice Note sets out the requirements of the SRA Accounts Rules 2019 (the 2019 Rules), in force from 25 November 2019,...
Read More >
19th May
Precedents
1DefinitionsModern Slavery Policy•means the Customer's anti-slavery and human trafficking policy as set out in Schedule [insert] as updated by the...
Read More >
19th May
Practice notes
High-risk third countries trackerOrganisations caught by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer)...
Read More >
19th May
Practice notes
Active bribery, passive bribery and bribing foreign public officialsThe purpose of this Practice Note is to provide a general understanding of the...
Read More >
Produced in partnership with Joanne Kane of Carmelite Chambers 19th May
Precedents
In briefThis precedent links to: •a template created by the UK Information Commissioner’s Office (ICO) of the ‘Set II’ or ‘2004’ EU Standard...
Read More >
19th May
Practice notes
Introduction to retained EU lawThis Practice Note provides an introduction to retained EU law. It provides an overview of the key definitions and...
Read More >
Produced in partnership with Dr. Kieran Laird of Gowling WLG 19th May
Practice notes
Safeguards and information barriersProtection of confidential information is fundamental to your relationship with clients, both as a matter of law...
Read More >
19th May
Practice notes
Undertakings and the SRA 2019What is an undertaking?An undertaking is:•a statement, given orally or in writing, whether or not it includes the word...
Read More >
19th May
Practice notes
Duties of confidentiality and disclosure 2019The protection of confidential information is a fundamental feature of the solicitor-client relationship...
Read More >
19th May
Practice notes
SRA Handbook 2011 [Archived]The SRA Handbook 2011 sets out standards and requirements that individual lawyers and firms are expected to achieve and...
Read More >
19th May
Precedents
1IntroductionThis financial sanctions policy is designed to ensure we comply with applicable financial sanctions laws made under the UK sanctions...
Read More >
19th May
Practice notes
Working with European lawyers—the Registered European Lawyer (REL) regimeAt 11 pm (GMT) on 31 December 2020, the Brexit transition/implementation...
Read More >
19th May

Most recent Residual balances content

Q&As
Is it possible to ask clients at the outset of a matter whether they are happy for any small, residual balance (say up to £10) to be donated to...
Read More >
Produced in partnership with Sarah Charlton of ILFM 6th Jul
Practice notes
SRA Accounts Rules 2019This Practice Note sets out the requirements of the SRA Accounts Rules 2019 (the 2019 Rules), in force from 25 November 2019,...
Read More >
5th Jul
Precedents
Residual balance—annual reviewA: General informationDate of annual review[insert date]Person conducting annual review[insert name and position, eg...
Read More >
21st Jun
Precedents
Residual balance recordThis form should be completed by the person responsible for deciding how to deal with the residual balance in question.1Client...
Read More >
21st Jun
Precedents
Residual balances registerThis Residual balances register enables you to comply with the requirements of the SRA Accounts Rules 2019, to keep a...
Read More >
21st Jun
Practice notes
Residual balances 2019—law firmsThis Practice Note sets out the requirements of the SRA Accounts Rules 2019, in force from 25 November 2019, regarding...
Read More >
21st Jun
Practice notes
Managing a residual balances projectMost firms at any given time have some old, usually small, residual balances on client matters. In the normal...
Read More >
Produced in partnership with Sarah Mumford of Sarah Mumford 5th Jun
Practice notes
Residual balances 2011—regulatory requirements [Archived]This Practice Note explains the requirements of the SRA Accounts Rules 2011 for dealing with...
Read More >
5th Jun
Precedents
Residual balance—quarterly monitoring reviewA: General informationDate of review[insert date]Person conducting review[insert name]B: Review and...
Read More >
5th Jun
Precedents
Accounts manual for accounts or finance team—law firms 20191IntroductionThis document sets out our [accounting OR finance] systems and controls. Any...
Read More >
5th Jun
Precedents
Accounts manual for staff—law firms 20191Introduction1.1This accounts manual sets out our [accounting OR finance] systems and controls for fee earners...
Read More >
5th Jun

Popular documents