On-demand webinar – Understanding the SRA Regulatory Reforms

The Solicitors Regulatory Authority (SRA) has been finalising a package of reforms designed to provide solicitors and law firms with greater flexibility over how they operate, making legal services more accessible to the public.

These include the new Price Transparency Rules set to be introduced on 6 December 2018, the Insurance Distribution Directive and reforms to the SRA Handbook including revised Account Rules.

In our recent webinar, Richard Williams, Policy Associate at the SRA, Ruth Cohen, Legal and Research Executive at VinciWorks and Gary Yantin, Director of Best Practice at VinciWorks explored the upcoming changes to the SRA Handbook. The webinar explored the implications of the SRA reforms and gave guidance and tips on how to be SRA compliant.

Watch recording

The webinar covered

  • The new Price Transparency Rules
  • The new Insurance Distribution Directive
  • The new SRA Handbook
  • The new SRA Accounts Rules
  • Future SRA regulatory changes
  • Tips to ensure SRA compliance

About the experts

Richard Williams from the SRARichard Williams joined the SRA in January 2012. He has been involved in the policy development and implementation of key regulatory reforms including the introduction of the new approach to continuing competence and a new Handbook. He is currently developing policy to increase greater transparency of regulatory data. Richard has held several senior policy positions across central government, local authorities and in the voluntary and community sector.

VinciWorks' Ruth CohenRuth Cohen is Legal and Research Executive at VinciWorks. She holds an LLB specialising in International Commercial Law. Ruth also holds a BA and MA in English Literature and is a certified teacher. Ruth has experience in both the public and private sectors, having consulted for many Fortune 500 companies. She has expert-level knowledge across a wide range of areas including corporate finance, data protection, harassment, information security, due diligence, commercial law and regulatory compliance.

Director of Best Practice Gary YantinAs Director of Best Practice at VinciWorks, Gary Yantin works with law firms of all sizes to provide the best compliance learning experience for their staff. Gary was previously an in-house lawyer and a solicitor in private practice. Gary has hosted many webinars and workshops for VinciWorks on a wide range of risk and compliance topics including GDPR and the SRA’s new approach to ongoing learning, Continuing Competence.

VinciWorks’ SRA Standards and Regulations Course

VinciWorks will soon be releasing four new courses on the changes to the SRA Handbook which are set to come into force in November 2019. The SRA training suite will help legal professionals, including support staff, to develop an understanding of the relevant regulations which apply to their specific role in the law firm.

How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

“In a world older and more complete than ours they move finished and complete, gifted with extensions of the senses we have lost or never attained, living by voices we shall never hear.”

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James

VinciWorks CEO, VInciWorks

Spending time looking for your parcel around the neighbourhood is a thing of the past. That’s a promise.

How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.