SRA Accounts Rules – can we still hold client money? [2025]

PLEASE NOTE: This SRA Webinar will be viewable from 9th April 2025

The ‘new’ Accounts Rules continue to create much interest amongst the legal fraternity, but none more so than over the last 6 months, since the SRA announced their intention to consult on whether we should be allowed to continue to hold client money at all. No doubt due to the fallout and implications of the Axiom Ince debacle, the SRA seem to take the view that if one bad apple cannot be trusted, then the whole barrel must be jettisoned. With a consultation underway until February 2025 they want to know what our views are on that topic, as well as what alterations and tightenings-up of the rules might be needed on interest on client account, and on the reporting accountant’s obligations.

Learning aims & objectives:

• • SRA Accounts Rules: key obligations & pitfalls
  • SRA enforcement activity and penalties
  • Checklists to observe
  • The role of the COFA – and everyone else
  • What of interest? What of Accountants reports?
  • Will we be banned from holding client money at all?

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