SRA Standards and Regulations

Application

The Overseas Rules apply to you: as a regulated individual who is practising overseas, in place of the SRA Principles and the SRA Code of Conduct for Individuals; or as a responsible authorised body in that you must ensure that your overseas practice and the individual managers, members and owners that are involved in the day to day or strategic management of your overseas practice, comply...

Dealings with client money

In all dealings you have with client money (overseas) you must: safeguard client money and assets entrusted to you; keep client money (overseas), separate from money which belongs to you; on receipt, pay client money (overseas) promptly into, and hold it in, an overseas client account, unless: to do so would conflict with your obligations under local law or regulation or with any obligation...

Application

These rules apply to authorised bodies that are not regulated by the FCA, their managers and employees and references to "you" in these rules should be read accordingly. Where an authorised body is a licensed body, these rules apply only in relation to the activities regulated by the SRA in accordance with the terms of the body's licence.

Corporate finance

You must not act as any of the following: sponsor to an issue in respect of securities to be admitted for dealing on the London Stock Exchange; nominated adviser to an issue in respect of securities to be admitted for dealing on the Alternative Investment Market of the London Stock Exchange; or corporate adviser to an issue in respect of securities to be admitted for dealing on the ICAP...

Insurance distribution activities

You may only carry on insurance distribution activities as an ancillary insurance intermediary. You must not carry on any insurance distribution activities unless you: are registered in the Financial Services Register; and have appointed an insurance distribution officer who will be responsible for your insurance distribution activities. If you are carrying on, or proposing to carry on,...

Eligibility for admission of qualified lawyers

You will be eligible for admission as a solicitor if the SRA is satisfied: you hold a legal professional qualification that is recognised by the SRA, which confers rights to practise in England and Wales or in an overseas jurisdiction; and subject to regulation 3.2, you meet the criteria in regulation 1.1(a), (b),(d) and (e). Subject to regulation 3.3, if you hold a qualification recognised...

Eligibility for admission

You will be eligible for admission as a solicitor if the SRA is satisfied: you have successfully and satisfactorily passed an assessment which is designed to assess your competence against the prescribed competences for solicitors and is conducted by an assessment organisation appointed by the SRA for the purpose; you hold a degree or qualifications or experience which the SRA is satisfied are...

Eligibility requirements

You will be eligible for admission as a solicitor if the SRA is satisfied: you have successfully and satisfactorily completed: an apprenticeship leading to qualification as a solicitor; or the academic stage of training and the vocational stage of training; and as to your character and suitability to be a solicitor. The SRA may decide that it is satisfied that you have completed all or any...

Regulated claims management activities

If you are a solicitor, an REL or RFL you may carry on regulated claims management activities or activities that would be regulated claims management activities but for the exclusion in article 89N of the Regulated Activities Order, provided that such work is undertaken through: a body authorised to carry on reserved legal activities; or if the work does not comprise reserved legal activities...

Academic stage

Your eligibility to commence the academic stage of training will be determined according to the requirements, which may be approved by the SRA, of the relevant approved education provider. You may be entitled to credit for prior certified or experiential learning, which may entitle you to exemption from assessment in some subjects required by the Joint Statement. You must make any application...