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  6. Rule 47A: Purpose of rules applying to RELs in Exempt European Practices

The SRA Handbook is no longer in effect. It was replaced by the SRA Standards and Regulations on 25 November 2019.

SRA Handbook

Rule 47A: Purpose of rules applying to RELs in Exempt European Practices

Version 21 of the Handbook was published on 06/12/2018. For more information, please click 'History' Above

Rule 47A: Purpose of rules applying to RELs in Exempt European Practices

47A.1

The purpose of applying different accounts provisions to the practice of an REL from an office in England and Wales of an Exempt European Practice is to ensure similar protection for client monies but by way of rules which recognise that the body in which the REL is practising is not itself a regulated entity.

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