Solicitors Indemnity Fund update
We have asked the Solicitors Regulation Authority (SRA) to reconsider its decision to close the Solicitors Indemnity Fund (SIF) to new claims from September this year.
The SRA Board met on 8 June to consider this request and we understand that the SRA intends to make an announcement early next week (week commencing 14 June 2021).
While we’re keen on a timely resolution to this matter, we recognise this is an important and complex issue and that the SRA needs time fully to consider our request.
We’ll provide a further update to members once we know the SRA’s decision.