SRA reforms 2019

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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Brexit—exiting the EU under Article 50 [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note contains...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 SRA reforms 2019 content

Precedents
General retainer 2019[Letterhead]Dear [insert client’s name]Re [insert summary of the scope of services covered by the general retainer]This general...
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23rd Jul
Precedents
Terms of business 2019—law firms1Our contract with you1.1These Terms of Business (as updated from time to time) apply to all work we do on your...
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23rd Jul
Precedents
Client care letter 2019—law firmsDear [Insert client’s name]Re [describe matter]Thank you for your instructions to act on your behalf in connection...
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23rd Jul
Practice notes
Compliance plan 2019—law firmsThis Practice Note explains whether law firms should have a compliance plan and, if so, what you may wish to include. It...
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23rd Jul
Practice notes
Supervision 2019—law firmsThe SRA's core regulatory requirements in relation to supervision are found in the two Codes of Conduct (the SRA Code for...
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19th Jul
Practice notes
Client care 2019—law firmsThis Practice Note reflects requirements in the SRA 2019 regime, effective from 25 November 2019. See Practice Note: Client...
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19th Jul
Precedents
Supervision policy—law firms—20191IntroductionThis document sets out our supervision arrangements, including:1.1our supervision...
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19th Jul
Practice notes
Complaints 2019—law firmsThis Practice Note reflects requirements in the Solicitors Regulation Authority (SRA) Codes of Conduct 2019 in relation to...
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16th Jul
Practice notes
Separate business and unbundling legal services 2019The SRA Standards and Regulations permit law firms and legal service providers to restructure...
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7th 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,...
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5th Jul
Practice notes
Dealing with freelance solicitorsThe SRA Standards and Regulations 2019, in force from 25 November 2019, introduce a new method of practising: the...
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5th Jul
Practice notes
Instructing third parties 2019This Practice Note reflects requirements in the SRA Codes of Conduct 2019 in relation to instructing third parties, in...
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24th Jun
Practice notes
Introductions to third parties 2019This Practice Note reflects requirements in the SRA Codes of Conduct 2019 in relation to Introductions to third...
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24th 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...
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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...
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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...
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21st Jun
Practice notes
Client inception 2019—law firmsSTOP PRESS: Draft Legal Sector Affinity Group (LSAG) AML guidance was published on 20 January 2021. It awaits approval...
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17th Jun
Q&As
Does the requirement in the new Code of Conduct for individual solicitors to complete and deliver an annual return to the SRA mean we will no longer...
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5th Jun
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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5th Jun
Practice notes
Introductions and instructions to third parties—SRA 2011 regime and SRA 2019 regime comparedThis Practice Note contrasts the requirements in the SRA’s...
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5th Jun

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