Authorisation & regulation

Authorisation & regulation guidance:

This Practice Note is based on reporting requirements in the SRA Codes of Conduct 2019 (in force from 25 November 2019) as amended by the SRA Regulatory Arrangements...

Practice Note

There is a regulatory requirement to appoint a COFA but no requirement to: • issue the COFA with a job description or job responsibilities • reflect those...

Practice Note

There is a regulatory requirement to appoint a COLP but no requirement to: • issue the COLP with a job description or job responsibilities • reflect those...

Practice Note

This Practice Note discusses the approval process all prospective compliance officers for finance and administration (COFAs) must go through to be approved by the...

Practice Note

This Practice Note explains the duties and qualifying requirements for a Compliance officer for finance and administration (COFA). The COFA is responsible for ensuring...

Practice Note

This Practice Note discusses the approval process a prospective compliance officer for legal practice (COLP) must go through to satisfy the SRA's Suitability Test and get...

Practice Note

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 managers can abdicate...

Practice Note

This Practice Note provides guidance on the role and responsibility of compliance officers in law firms, ie the Compliance Officer for Legal Practice (COLP) and...

Practice Note

This Practice Note contrasts the requirements in the SRA’s 2011 and 2019 regimes in relation to compliance officers (COLPs and COFAs) and breach reporting. For more...

Practice Note

Historically, only solicitors were subject to professional rules and requirements rather than the entities through which they practised. Since March 2009, the Solicitors...

Practice Note

This Practice Note sets out details of the various bodies that have responsibilities for and interests in legal complaints handling, including the Legal...

Practice Note

The Legal Services Board (LSB) is the single independent oversight regulator of the legal profession and sector in England and Wales. It does not directly regulate...

Practice Note

At the end of September 2017, the SRA launched a further consultation as part of its ‘Looking to the Future’ reforms of the SRA Handbook. The consultation, Looking to the...

Practice Note

Less than five years since the SRA Handbook 2011 came into force in October 2011 (and sixteen versions later), the SRA published a consultation paper Looking to the...

Practice Note

The SRA Accounts Rules are due for an overhaul. Following two earlier reviews, the SRA made changes to the rules in 2015 and 2016, focusing mainly on accountants'...

Practice Note

Less than five years since the SRA Handbook 2011 came into force in October 2011 (and sixteen versions later), the SRA published a consultation paper Looking to the...

Practice Note