On 25 November 2019, the changes to the SRA Handbook, now known as the SRA Standards and Regulations, came into force. To help solicitors understand their requirements under the reforms, our Director of Best Practice Gary Yantin was joined by the SRA’s Policy Associate Jatinderpal Loyal to answer our audience’s questions.
Here are some of the questions answered by Jatinderpal during the webinar:
- Do the new Principles and Code apply to unqualified employees?
- What are the key changes to the conflicts and confidentiality provisions in the new Code of Conduct(s)?
- How should firms stay updated on the STaRs?
- Will there be an increase in reports to the SRA?
- Does a notification to the firm’s insurer automatically warrant reporting to the SRA?
- Why has the principle to “act honestly and with integrity” been separated into two principles?
About the experts
Policy Associate Jatinderpal Loyal joined the SRA’s regulatory policy team in 2012, leading the SRA’s approach to monitoring and enforcing the ban on referral fees in personal injury. Jatinderpal is the lead on the SRA’s regulation of financial services, the SRA Accounts Rules and Client Protection arrangements. He works closely with law firms and compliance advisers, the Ministry of Justice, the Financial Conduct Authority, and other legal regulators as the SRA progresses the implementation of the new Standards and Regulations.
As 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. He 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.
New SRA Standards and Regulations training
VinciWorks now has five new courses on the SRA Standards and Regulations covering the key sections of the Standards and Regulations. Written in clear, plain language, the training includes many examples and scenarios taken directly from the Solicitors Disciplinary Tribunal (SDT) decisions. VinciWorks’ SRA Standards and Regulations 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.