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Latest Practice Compliance News

European Union and UK government initiatives on money laundering and terrorism finance

European Union and UK government initiatives on money laundering and terrorism finance

The following Corporate Crime news provides comprehensive and up to date legal information on European Union and UK government initiatives on money laundering and terrorism finance

Practice Compliance weekly highlights—29 July 2021

Practice Compliance weekly highlights—29 July 2021

The following Practice Compliance news provides comprehensive and up to date legal information on Practice Compliance weekly highlights—29 July 2021

How anti-corruption push affects US companies operating abroad

How anti-corruption push affects US companies operating abroad

The following Corporate Crime news provides comprehensive and up to date legal information on How anti-corruption push affects US companies operating abroad

EU seeks to improve data transfers to boost AML fight

EU seeks to improve data transfers to boost AML fight

The following Corporate Crime news provides comprehensive and up to date legal information on EU seeks to improve data transfers to boost AML fight

Featured Practice Compliance content

What is a solicitor's undertaking?

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...

SRA Code of Conduct for individuals and firms

SRA Code of Conduct for individuals and firms

SRA Code of Conduct for individuals and firmsThis Practice Note provides guidance on the SRA Codes of Conduct, contained in the SRA Standards and...

Conflicts of interest 2019

Conflicts of interest 2019

Conflicts of interest 2019Conflicts of interest can cause difficult and serious problems for solicitors and law firms, both from a compliance point of...

Legal Services Board

Legal Services Board

Legal Services BoardThe Legal Services Board (LSB) is the single independent oversight regulator of the legal profession and sector in England and...

Practice notes

AML and counter-terrorist financing—source of funds and source of wealth

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
tag iconIn-house
Practice notes

The Information Commissioner’s Office (ICO)

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]

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]

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
tag iconBrexit
Practice notes

SRA Accounts Rules 2019

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

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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19th May
tag iconIn-house
Practice notes

High-risk third countries tracker

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
tag iconIn-house
Practice notes

Active bribery, passive bribery and bribing foreign public officials

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

Standard contractual clauses for international transfers—set II—controller to controller—ICO templates

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 law

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
tag iconBrexit
Practice notes

Safeguards and information barriers

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 2019

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 2019

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]

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

Financial sanctions policy

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) regime

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
tag iconBrexit

Most recent Financial services content

Q&As

What are the consequences for law firm of breaching the insurance distribution regime?

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?

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?

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 between that client and another law firm?

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?

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...?

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 give this explanation in writing only.

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?

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) constitute an insurance distribution activity?

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?

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 2016

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 firms

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 arrangements

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 examples

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]

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]

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]

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 bill

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 business

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]

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

Popular documents

The Standard Conditions of Sale (5th edition: 2018 revision)—a guide to the main provisions

The Standard Conditions of Sale (5th edition: 2018 revision)—a guide to the main provisions

The Standard Conditions of Sale (SCS), currently in their 5th edition (2018 revision), are a set of standard conditions which are commonly incorporated into contracts for the sale of residential property. The Standard Commercial Property Conditions (Third Edition—2018 Revision) (SCPC) are used for

Easements and perpetuities

Easements and perpetuities

Drafting—2009 ActThe Perpetuities and Accumulations Act 2009 effectively disapplies the rule against perpetuities from future easements granted on or after 6 April 2010, so a draftsman now need not be concerned to specify a perpetuity period. Any restrictions on the exercise of the easement

No deal Brexit—jurisdiction (UK and the Lugano Convention) [Archived]

No deal Brexit—jurisdiction (UK and the Lugano Convention) [Archived]

No deal Brexit—jurisdiction (UK and the Lugano Convention) [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note has been produced in partnership with Guy Pendell, Liz Williams and Kushal Gandhi of CMS.This Practice Note covers the situation where the UK

Section 26 notice—Tenant’s request for a new business tenancy under LTA 1954

Section 26 notice—Tenant’s request for a new business tenancy under LTA 1954

Tenant's request for a new business tenancyThese drafting notes are for use when completing a tenant’s request for a new business tenancy under the Landlord and Tenant Act 1954. They are intended to be used when completing the prescribed form under the Landlord and Tenant Act 1954, Part 2 (Notices)