Regulatory and Compliance Training & Consultancy

SRA Handbook Training

Legal Finance Professionals provides the following new SRA Handbook Training course:

SRA Handbook: What You Need to Know

3 CPD Hours

The introduction of the new SRA Handbook on 6 October 2011 marked a new dawn in the approach adopted by the Solicitors Regulation Authority (SRA) to the regulation of both traditional legal practices and Alternative Business Structures (ABS). This practical course explains how Outcomes Focused Regulation (OFR) works and the impact this has on how the SRA regulates the legal sector. The course covers the new requirements for all regulated practices to appoint a Compliance Officer for Legal Practice (COLP) and a Compliance Officer for Finance and Administration (COFA). Delegates will learn about the new style SRA Code of Conduct with expert guidance on what has changed and receive key compliance tips. The course also includes an overview of the main changes which have been made to the SRA Accounts Rules (formerly the Solicitors Accounts Rules 1998).

The following topics will be covered -

Regulation by the SRA

• The SRA's new approach to regulation
• Risk assessment and supervision of firms

An Overview of the new SRA Handbook

Outcomes Focused Regulation Explained

Compliance Officer for Legal Practice/Finance & Administration (COLP/COFA)

• The Role of the COLP/COFA
• Authorisation & Timescales

SRA Accounts Rules: What's New

• An overview of the changes

The New SRA Code of Conduct

• Client Care
• Conflicts of Interest
• Confidentiality & Disclosure
• Business Management
• Publicity
• Referral Fees & Fee Sharing
• Equality

This course is designed to meet the needs of partners, principals, directors, managers, COLP's, compliance/risk officers and practice managers.