Solicitors Regulation Handbook updated

The updated SRA Handbook is now available. Rule changes include: ending the annual Keeping of the Roll exercise; simplification of the Overseas Accounts Rules to make it easier for firms with overseas practices to meet requirements; requiring firms to deliver accountants’ reports within six months of the end of their financial period if those reports are qualified; and measures to make it simpler for multi-disciplinary practices to be licensed. Paul Philip, SRA chief executive, says: “We are committed to reforming our regulation to enable growth and innovation in the market, while striking the right balance between reducing regulatory burdens and ensuring consumer protection. These key changes to our handbook show we are taking action to deliver that reform.”