Accounts Rules – checklists for success

The Accounts Rules have remained largely unchanged for decades, and many firms have become familiar with their requirements. The streamlined 2019 version seemed to mark a continuation of this steady course.

However, recent high-profile cases—most notably the Axiom Ince scandal—have prompted renewed scrutiny by the SRA. Long-standing practices around handling client money, earning interest, and retaining residual balances are now under review. A consultation is underway that could significantly reshape the regulatory landscape.

This webinar will explore the SRA’s proposals, consider their potential impact, and provide practical guidance on compliance and risk management in light of these developments.

Topics covered include:

• What are the SRA’s concerns over the SAR provisions?
• What are they suggesting we do instead of the current regime
• What is the objections to the current rules on interest
• What checklists can we attempt to adhere to achieve compliance
• What things should a COFA be keeping a check on?