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Brexit—exiting the EU under Article 50 [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note contains...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

Q&As
What does Brexit mean for cybercrime and cybersecurity?The UK has left the EU on the basis of the Withdrawal Agreement as implemented in the European...
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15th Aug
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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15th Aug
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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15th Aug
Q&As
Must I conduct client due diligence for all clients, regardless of the services I am providing to them, eg litigation?STOP PRESS: Draft Legal Sector...
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15th Aug
Q&As
Does the SRA expect me to complete a risk assessment for every new client?STOP PRESS: Draft Legal Sector Affinity Group (LSAG) AML guidance was...
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15th Aug
Q&As
When is it lawful to link to other websites?Linking and copyright protectionWebsite owners and those using the internet commonly link either to...
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15th Aug
Q&As
How do we carry out client due diligence under the Money Laundering Regulations 2017, SI 2017/692 on a person who is unable to provide standard...
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15th Aug
Q&As
Do children have to be identified for the purposes of client due diligence?The requirement to carry out customer due diligence (CDD) is not limited to...
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Produced in partnership with Peter Steel of Augury Consulting Limited 15th Aug
Q&As
What is the definition of a 'transaction' in the Money Laundering Regulations 2017, SI 2017/692, specifically in relation to the obligation to carry...
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15th Aug
Q&As
What is a solicitor’s duty when they suspect an unrepresented person on the other side of a matter has not properly accounted for value added tax in...
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Produced in partnership with Peter Steele of Bevan Brittan LLP 15th Aug
Q&As
For a firm which is a limited liability partnership to be able to sue on a bill, should the partner signing the bill sign the name of the firm, ie...
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Produced in partnership with Sarah Charlton of ILFM 15th Aug
Q&As
Do I need to perform client due diligence (CDD) checks on my client where its parent company is Financial Conduct Authority (FCA) regulated?STOP...
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15th Aug
Q&As
Where company documents provided for CDD purposes are in another language, are we required to obtain a translation?STOP PRESS: Draft Legal Sector...
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15th Aug
Q&As
Do I have to apply CDD measures to an officer instructing the firm on behalf of a corporate client, under MLR 2017?STOP PRESS: Draft Legal Sector...
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15th Aug
Q&As
How do you undertake AML compliance on a listed PLC?STOP PRESS: Draft Legal Sector Affinity Group (LSAG) AML guidance was published on 20 January...
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15th Aug
Q&As
Should we serve notice of cancellation rights where (i) we agree a retainer face to face with the client at our office and (ii) following the meeting,...
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15th Aug
Q&As
How do you undertake client due diligence (CDD) checks on an individual who is abroad, who you have never met and is not a PEP?STOP PRESS: Draft Legal...
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15th Aug
Q&As
Would a CFA arrangement confirmed via emails and verbally satisfy the 'in writing' requirement of section 58 of the CLSA 1990?What is a CFA?A...
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Produced in partnership with Alex Bagnall of Total Legal Solutions 15th Aug

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