Assurance Solicitors Regulation Authority Materials


SRA Accounts Rules 2019 are accounting rules for solicitors issued by the Solicitors Regulation Authority (SRA) and contain requirements for when firms (including sole practices) authorised by the SRA receive or deal with money belonging to clients. The new Accounts Rules came into effect on 25 November 2019 and focus on what really matters - keeping client money safe. The changes mean they are:
- shorter, with a simpler definition of client money
- less prescriptive, with the removal of arbitrary timescales
- more flexible, trusting you to act in your clients' best interests.