SRA Standards and Regulations
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Found in
SRA Accounts Rules
Storage and retention of accounting records
You must store all accounting records securely and retain these for at least six years.
Found in
SRA Statutory Trust Rules
Distribution of beneficial entitlements
In a case where the accounting records of the intervened practitioner are reconciled accounts, payments to beneficiaries will be made on the basis of the reconciled list. In a case where the accounting records of the intervened practitioner are not reconciled accounts, payments to beneficiaries will be made on the basis of the best list. Any interest which has accrued on a statutory trust...
Found in
SRA Authorisation of Firms Rules
Compliance officers
An authorised body must at all times have an individual who is designated as its COLP and an individual who is designated as its COFA, and whose designations the SRA has approved. Subject to rule 8.3, an individual who is designated under rule 8.1 must: be a manager or employee of the authorised body; consent to the designation; not be disqualified from acting as a HOLP or HOFA under section...
Found in
SRA Authorisation of Firms Rules
Payment of periodical fees
Every authorised body must pay to the SRA a periodical fee in the amount, and by the date prescribed.
Found in
SRA Authorisation of Firms Rules
Conditions
The SRA may at any time, whether on grant of an application for authorisation or otherwise, impose such conditions on a body's authorisation (whether indefinite or for a specified period), where it considers it appropriate in the public interest to do so and in accordance with rules 3.2 and 3.3. The SRA may impose conditions under rule 3.1 if it is satisfied that the authorised body, or a...
Found in
SRA Authorisation of Firms Rules
Duration of authorisation
A body's authorisation takes effect from the date the certificate of authorisation is issued to it by the SRA. A body's authorisation shall cease to have effect: subject to Part 5, if the body ceases to exist; or if the body is a licensed body and is issued with a licence by another approved regulator. The SRA may revoke or suspend a body's authorisation, if: it is satisfied that the...
Found in
SRA Authorisation of Firms Rules
Payment of periodical fees
Every authorised body must pay to the SRA a periodical fee in the amount, and by the date prescribed.
Found in
SRA Application, Notice, Review and Appeal Rules
Notices
Any notice under the SRA's regulatory arrangements must be given in writing by delivering it, or sending it by post or by electronic mail, to the recipient's last notified postal or electronic mail address, as appropriate. If the intended recipient of a notice is represented, the notice may instead be given by sending or delivering it to the representative's practising or business address, or...
Found in
SRA Application, Notice, Review and Appeal Rules
Appeals to the High Court or Tribunal
Unless otherwise provided in the relevant statute, or rules of the Tribunal, court or of the Legal Services Board, any appeal to the High Court or Tribunal against a decision set out in annex 2 or 3, as appropriate, must be commenced within the period of 28 days from the date of notification of the decision that is subject to appeal.
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