The SRA sets out the rules for firms dealing with client money. Listen for insights on adhering to the rules and avoiding common mistakes.
The Solicitors Regulation Authority (SRA) Accounts Rules set out the requirements for when firms (including sole practices) authorised by the SRA, receive or deal with money belonging to clients, including trust money or money held on behalf of third parties. The rules apply to all firms that the SRA regulate, including all those who manage or work within such firms.
Firms will need robust systems and controls in place to ensure compliance with these rules, and the nature of those systems must be appropriate to the nature and volumes of client transactions dealt with, and the amount of client money held or received.
Listen to this webinar to help you avoid the common mistakes made by law firms, and gain insight into the essential practices you must be adhering to when it comes to the SRA Accounts Rules.
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