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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Brexit—exiting the EU under Article 50 [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note contains...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
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
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
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 Financial services content

Q&As
What are the consequences for law firm of breaching the insurance distribution regime?Failure to comply with the insurance distribution regime could...
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31st Jul
Q&As
Can I accept payment of an outstanding bill by instalments: before or after 1 April 2016?This Q&A answers a specific question: does an agreement to...
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31st Jul
Q&As
What sort of activities are caught by the insurance distribution regime—law firms?The Insurance Distribution Directive (IDD), Directive 2016/97/EU...
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31st Jul
Q&As
Do we need FCA authorisation to provide independent legal advice to a client in relation only to a consumer credit, litigation funding agreement...
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31st Jul
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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31st Jul
Q&As
Do I need a consumer credit licence for...?There are two ways law firms might be caught by the consumer credit regime:•by entering into a fee...
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31st Jul
Q&As
What constitutes ‘a personalised explanation’ (of why a particular insurance contract best meets the client’s demands and needs) and can law firms...
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31st Jul
Q&As
Do I need a consumer credit licence to help a client apply to a third party for litigation finance under a loan agreement?In certain parts of the...
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31st Jul
Q&As
Would a law firm providing advice to a client in relation to an insurance policy (where an insurance broker has been retained by the client)...
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31st Jul
Q&As
Does the insurance distribution regime apply to commercial clients—law firms?The requirements of the Solicitors Regulation Authority’s (SRA’s)...
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31st Jul
Practice notes
Consumer credit and law firms: from 1 April 2016This Practice Note explains how the SRA’s consumer credit regime operates for law firms. It takes into...
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31st Jul
Practice notes
Insurance distribution activities—law firmsAs a general rule, law firms are not permitted to engage directly in insurance distribution activities,...
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31st Jul
Practice notes
Consumer credit and client fee arrangementsLaw firms might be caught by the consumer credit regime:•by entering into a consumer credit agreement as...
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31st Jul
Practice notes
Consumer credit from 1 April 2016: SRA examplesThis Practice Note sets out a number of activities firms may engage in that stray into the realms of...
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31st Jul
Practice notes
Law firms and consumer credit licensing—before 1 April 2016 [Archived]There are two ways in which law firms might be caught by the consumer credit...
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31st Jul
Practice notes
Insurance mediation activities—regulatory requirements [Archived]This Practice Note has been archived and is not maintained. It relates to the...
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31st Jul
Practice notes
Introductions for financial services (including regulated mortgage, general insurance and pure protection contracts) 2011 [Archived]This Practice Note...
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31st Jul
Practice notes
Instalment payment of an outstanding billThis Practice Note addresses the common necessity for law firms of accepting payment by instalments of an...
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31st Jul
Practice notes
Law firms and ancillary consumer credit businessLaw firms might be caught by the consumer credit regime:•by entering into a consumer credit agreement...
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31st Jul
Precedents
Letter to client-arranging insurance—insurance mediation—law firms [Archived]We have reached a stage in your matter where we believe it would be in...
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31st Jul

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