Does Shorter Mean Less Onerous? The SRA Accounts Rules 2019


Location: Nottinghamshire Law Society, 40 Friar Lane, Nottingham, NG1 6DQ
Date: 7th Oct 2019
Start Time: 1:30 pm
Finish Time: 5:30 pm
Tutor: Trevor Hellawell, MBL (Seminars) Ltd

Member Price: £80.00 Ex.VAT £96 inc. VAT

Non Member Price: £100.00 Ex.VAT £120 inc. VAT

Does Shorter Mean Less Onerous?  The SRA Accounts Rules 2019

Course Qualifies:  3 hours CPD training

Arrival, Registration & Refreshments: 1:30pm
Seminar commences: 2:00pm
Seminar concludes: 5:15pm

Introduction

This session will cover the essentials of the new SRA Accounts Rules, in force from 25 November 2019, though now is as good a time as any to reflect upon the changes that will need to be implemented in time for the new regime.

Much reduced in length, the new rules will require each firm to make up its own mind about how to satisfy the fundamental principles of our guardianship of client money.

With new definitions, new (arguably tighter) time-frames and new flexibilities the new rules will be much easier to comply with - or will they?

This session will enable you to participate in a round-table discussion of the key issues from your own office, and you will be able to speak and contribute as if we were all in the same room together.

What You Will Learn:

This session will cover the following:

  • Outline of the OLD rules - key issues arising
  • New definition of client money
  • Is there flexibility in when we can be ‘paid’ for our work?
  • New time-frames
  • Residual balances on client ledger
  • Use of client account as a banking facility - new rules
  • Loss of interest - a new, more relaxed approach
  • Training Performance Monitoring and Appraisal Systems (‘TPMAs’) - a worthwhile option?
  • New rules on accountants' reports and qualified reports
  • The role of the COFA in future

Speaker: Trevor Hellawell - Solicitor and legal training and management consultant.

Until going freelance in 1999 he was a full time lecturer with the University of Law, ending his career as a Principal Lecturer at the York Branch. Until recently he was Head of Law Programmes at BPP. Throughout his career, he has lectured extensively on Professional Conduct, Management skills such as Client Care, Time Management and Appraisals, Financial Services matters, including Money Laundering, as well as mainstream academic law subjects.

Member Price: £80.00 Ex.VAT £96 inc. VAT

Non Member Price: £100.00 Ex.VAT £120 inc. VAT