DG Legal: SRA Accounts Rules Course: A Practical Guide

The SRA Accounts Rules continue to present practical challenges for many firms, particularly following the introduction of the 2019 reforms. While the rules are shorter and principles-based, firms must still ensure they protect client money, maintain effective financial controls, and demonstrate ongoing compliance.

This practical course explores the key requirements of the SRA Accounts Rules and highlights common areas where firms encounter difficulties in interpreting and applying them. Through practical guidance and real-life examples, delegates will gain a clearer understanding of regulatory expectations and how to implement compliant processes within their firm.

The course also examines the characteristics of effective accounts systems, policies, and procedures, helping firms assess whether their controls are robust and fit for purpose. Delegates will learn how to evaluate the fairness and reasonableness of their interest policies, identify potential banking facility risks, and address common accounts rules compliance issues before they become regulatory concerns.

Topics Covered

• The key principles of the SRA Accounts Rules

• The practical impact of the 2019 reforms

• Protecting client money and maintaining compliance

• Common problem areas and regulatory pitfalls

• Effective accounts systems, policies, and procedures

• Residual balances and client money management

• Fair and reasonable interest policies

• Banking facilities and associated risks

• Handling breaches and reporting obligations

• Regulatory expectations and good practice

• Practical case studies and compliance scenarios

Target Audience

This online course is suitable for professionals with a working knowledge of the SRA Accounts Rules, including COFAs, legal cashiers, finance teams, practice managers, and compliance staff who wish to develop a deeper understanding of their practical application within a law firm.