Course description
The SRA Standards and Regulations were launched on 25 November 2019, and the long-awaited replacement of the SRA Accounts Rules 2011 went live. We are now working with the much briefer SRA Accounts Rules 2019.
Despite the brevity, we must still understand risk priorities, and these include the risk attached to providing banking services to clients and third parties.
In this webinar, we reflect on the style and substance of the Accounts Rules 2019 and the important decisions which must be made as to how to respond to them. We will look at the ongoing restriction on providing banking facilities, which remains one of the major risks of operating a client account, and use recent disciplinary decisions to reflect on the scope of the prohibition and the consequences of a breach.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
The SRA Standards and Regulations were launched on 25 November 2019 and the long-awaited replacement of the SRA Accounts Rules 2011 went live. We are now working with the much briefer SRA Accounts Rules 2019. Despite the brevity, we must still understand risk priorities, and these include the risk attached to providing banking services to clients and third parties.
In this webinar we reflect on the style and substance of the Accounts Rules 2019 and the important decisions which must be made as to how to respond to them. We will look at the ongoing restriction on providing banking facilities which remains one of the major risks of operating a client account and use recent disciplinary decisions to reflect on the scope of the prohibition and the consequences of a breach.
What You Will Learn
This webinar will cover the following:
- Understand the regulatory framework for client money requirements
- Understand the wording of rule 3.3
- Review the disciplinary decisions in this area
- Consider the risks of providing a banking service and how to avoid this
- Be in a position to evaluate whether the COFA and the firm are responding appropriately to regulatory changes
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...