- Online Event
SRA accounts rules changes and case studies
Risk and Compliance Section members can attend this online event free of charge.
If you would like to become a member of the section, more information is provided in the On the day tab.
The SRA Accounts Rules outline the requirements for SRA authorised firms when receiving and dealing with money belonging to clients.
This year the SRA asked solicitors for feedback on existing areas of Accounts Rules which are unclear or problematic. Three amendments have now been made addressing:
- Firms taking money for costs in advance of work being done
- Reimbursements for money spent on behalf of the client
- Operating a client's own account
The SRA has also updated its guidance on the improper use of a client as a banking facility as well publishing new case studies on the banking facility rule to assist members in this area.
In this session we will clarify what is changing and how members can navigate these changes via practical case studies.