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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...
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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...
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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...
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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Brexit—exiting the EU under Article 50 [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note contains...
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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,...
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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...
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19th May
Practice notes
High-risk third countries trackerOrganisations caught by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer)...
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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...
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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...
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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...
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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...
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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...
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19th May
Practice notes
Duties of confidentiality and disclosure 2019The protection of confidential information is a fundamental feature of the solicitor-client relationship...
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19th May
Precedents
1IntroductionThis financial sanctions policy is designed to ensure we comply with applicable financial sanctions laws made under the UK sanctions...
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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...
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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...
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19th May

Most recent Authorisation & regulation content

Practice notes
New law firms—applying for SRA authorisationThis Practice Note provides guidance on applying to the Solicitors Regulation Authority (SRA) for...
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15th Aug
Practice notes
Other regulatory bodies—regulation of solicitorsThe solicitors’ profession is highly regulated. As well as the primary legal regulators, such as the...
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15th Aug
Practice notes
SRA authorisation of firms and ABSs 2011 [Archived]The SRA has three core operational functions: authorisation, supervision and enforcement.The...
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15th Aug
Q&As
Do the SRA Codes of Conduct 2019 apply to law firm employees?The firm’s COLP and COFA are required to ensure compliance by the firm and its managers,...
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15th Aug
Practice notes
Compliance officer for finance and administration—COFA—authorisation and disqualification 2011 [Archived]This Practice Note discusses the approval...
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15th Aug
Practice notes
Compliance officer for legal practice (COLP)—authorisation and disqualification 2011 [Archived]This Practice Note discusses the approval process a...
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15th Aug
Practice notes
Separate business and unbundling legal services—SRA 2011 regime and SRA 2019 regime comparedThis Practice Note contrasts the requirements in the SRA’s...
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15th Aug
Q&As
What is the role of the FCA compliance officer?The Financial Conduct Authority (FCA) is the single statutory regulator of the financial services...
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15th Aug
Practice notes
Looking to the future: SRA review of the Principles and Code of Conduct [Archived]Less than five years since the SRA Handbook 2011 came into force in...
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15th Aug
Practice notes
Looking to the future: SRA review of the accounts rules [Archived]The SRA Accounts Rules are due for an overhaul. Following two earlier reviews, the...
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15th Aug
Q&As
Can we have a COLP who works part-time?All firms must have a compliance officer for legal practice (COLP), authorised by the SRA. This Q&A explains...
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31st Jul
Q&As
Do the SRA’s proposed changes to the Handbook mean that in-house lawyers risk losing legal professional privilege (LPP) for advice to their internal...
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31st Jul
Q&As
Can I still practice EU law if the UK is no longer in the EU?Only lawyers qualified in an EU Member State are able to practise EU law or argue before...
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31st Jul
Practice notes
Separate businesses: SRA examples 2011 [Archived]From 1 November 2015, the separate business rules changed fundamentally in an attempt to level the...
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31st Jul
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...
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31st Jul
Practice notes
Separate businesses from 1 November 2015 [Archived]From 1 November 2015, the separate business rules changed fundamentally in an attempt to level the...
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31st Jul
Practice notes
Compliance officers and breach reporting—SRA 2011 regime and SRA 2019 regime comparedThis Practice Note contrasts the requirements in the SRA’s 2011...
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31st Jul
Precedents
SRA Accounts Rules breach register—COFA—law firmsPlease click for an Excel version of this register.This Precedent SRA Accounts Rules breach register...
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31st Jul
Precedents
Introduction arrangement with separate business: due diligenceA: The separate businessName of separate business[insert name]Relationship between this...
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31st Jul
Precedents
Deed of indemnity—compliance officer for finance and administration (COFA)This Deed is made on [insert date]Parties1[The persons whose names and...
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31st Jul

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