SRA Standards and Regulations: Fundamentals
40 Minutes
SRA Accounts Rules: Handling Client Money
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Description
The SRA Accounts Rules set out strict requirements for how firms must handle client money, operate client accounts, and maintain accurate records. Breaches can expose firms and individuals to significant regulatory and financial consequences.
This course is modelled around SRA guidance to provide a clear and practical overview of the Accounts Rules. Learners explore how client money should be received, held, and transferred, the correct use of client accounts, record-keeping obligations, and the potential penalties for non-compliance. It also unpacks the areas where breaches most commonly occur, and allows learners to focus on areas most relevant to their role, such as commercial rent deposits, retainer agreements, managing clients’ own accounts, and accountants’ reports, if relevant. This flexible structure makes the course suitable for a wide range of roles and experience levels across a firm.
Course Objectives
- Identify what constitutes client money and when it may or may not be received or held
- Apply the Accounts Rules when operating client accounts and moving client funds
- Maintain compliance by keeping accurate records and recognising relevant exemptions
- Recognise common breach areas and the potential regulatory consequences of non-compliance
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This is a trial version of the course SRA Accounts Rules: Handling Client Money Please note, we do not offer certificates for trial course completions.
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