SRA

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By Paul Jones

SRA Financial Services Survey 2017

Solicitors may recall the SRA saying earlier this year that they would be delaying the Equality & Diversity Survey until later in 2017. This was due to the Authority needing to collect data from firms on Financial Services Activities. Normally they would do this at Practicing Renewal time, however the Financial Conduct Authority have asked the SRA to collect “more detailed and robust” information on firm’s financial services activities.

By Paul Jones

SRA Competence Framework

October 31st 2016 morphed gently into November the 1st, and the Solicitors Profession said its farewells and goodbyes to the CPD scheme. For those of us old enough to remember the Millennium and its foretelling of the doom of Humanity, this had been billed by some organisations in the same way, and the expectation on November 1st was that life in the solicitors profession would cease as we know it.

By Paul Jones

Equality & Diversity SRA Requirements - 2014/2015

Equality & Diversity SRA Requirements - 2014/2015

The SRA have now provided an update on the Equality & Diversity data collection, collation, analysis publication and reporting requirements for the 2014/2015 period.

 

By Paul Jones

Training For Competence

Training for Competence

The SRA's announcement on 21st of May 2014 that "a new approach to ensure solicitors remain competent throughout their working lives while removing the necessity for them to complete a compulsory 16 hours' training per year" has certainly provoked a mixed reaction from the profession. There are those that presage it as an inevitable failure at firms where training is seen simply as an expense to be managed for as little cost as possible; there are those that see it as the curtailment of their privileges to do some shopping in Manchester and London while attending training courses, and there are those with a genuine worry that solicitors competence will be eroded year on year with no mechanism to guarantee at least a minimum of 16 hours training per year.

By Paul Jones

Equality & Diversity - Publishing your firm's data

Equality & Diversity - Publishing Your Firm's Data

As most firms are aware, the Solicitors Regulation Authority requires them to collect their diversity data, and report it to them using their MySRA system. This has to be completed by January 2014, so if you haven't done it yet, you need to do it soon.

 

By Paul Jones

Have you reported your Diversity Data to the SRA yet?

As we enter the Autumn period, we'd like to remind firms that they have an SRA requirement for Equality & Diversity, and they need to;
1. Collect, collate, analyse and report their diversity information to the SRA by January 2014.
2. Collect, collate analyse and publish their diversity information and make it accessible to clients (or other interested parties).

By Wayne Williams

Workforce Diversity Data - Deadline Published


Firms are now required to collect and publish their own Workforce Diversity Data.


It is suggested in a practice note issued by the Law Society on the 9th May that firms should consider publishing this data on the firm's website or highlight its availability in their reception areas.

The SRA has issued notice to the profession that all firms should starting planning their data collection NOW and should encourage all members of the firm to participate in a survey. An example precedent form is embedded in the new Practice Note.

The regulator will require COLPs to ensure practices submit their data to the SRA by no later than 31 Jan 2014.

 

 

 

By Paul Jones

Is your firm Financially Stable?

 Financial Stability - the first key area for COLPs

In March 2013, the SRA had to intervene in two practices facing severe financial difficulties. Given the downscaling that the SRA anticipated by the appointment of compliance officers, where they anticipated 30 interventions for 2013, they seem to be concerned that they have already intervened in 14 cases, and this is only 4 months into 2013.

 

 

 

 

By Paul Jones

Coping with COLP

Coping with COLP

With the deadline for a firm's COLP to start their role fully from January 1st 2013, is your firm prepared for the new regime?

By Paul Jones

COLP & COFA - Red Alert

COLP & COFA - Red Alert!

With just over two weeks to go to complete registration for the new Compliance Officer roles required by the SRA, some firms haven't even nominated their officers yet...

By Wayne Williams

Criminal Advocates - QASA registration

Criminal Advocates - QASA- Quality Assurance Scheme for Advocates (Crime)

If you are a Criminal Advocate in the Magistrates and or Crown Court, then you need to make an initial response to the SRA notification from 2nd July 2012.

You are REQUIRED to respond as to whether or not you intend to seek QASA accreditation.

By Paul Jones

COLP & COFA Nomination Announcement

 COLP & COFA Nomination Timescale Announced

The Solicitors Regulation Authority has now announced the nomination timescale for the Compliance Officer for Legal Practice (COLP) and Compliance Officer for Finance and Administration (COFA). As predicted by us at cpm21 the date that applications can start from is the 31st of May which coincidentally is when the latest revision of the 2011 SRA Handbook will be available, with a closing date of July 31st 2012.

By Paul Jones

COLP & HOLP Authorisation Rules

COLP & HOLP Authorisation

While the SRA have announced a delay to the authorisation process for these posts, they are still intent on them being in place by October 2012. This article explains Part 2 of the suitability test for these positions.

By Wayne Williams

Outsourcing - the new SRA Regulation and LEXCEL requirement

 Who will this affect?

 The following people need to be aware of this new requirement: 

  • Solicitors especially the COLP
  • IT Support Companies who support Solicitors Firms
  • IT Software Companies who provide software to Solicitors Firms
  • Typing and Transcription service Companies who do outsourced digital dictation transcription for Solicitors
  • Scanning and Archiving Companies who scan and store solicitors files
  • Office Cleaning Companies who service Solicitors offices
  • Consultants who provide client related support to firms
  • Police Station Accredited Representatives

By Paul Jones

Email footer requirements

Email Footers

It seems some firms may have missed some requirements for email footers. To find out more, read the article.

By Wayne Williams

COLP & COFA

Do you have a COLP and COFA?

The SRA will require you to appoint them in your firm by no later than 31st March 2012.

By Paul Jones

New SRA Handbook

New SRA Handbook

The SRA are currently undergoing a consultation on a new Handbook for solicitors which will come into use next year. This article considers questions that practitioners may want to consider to respond to the consultation.