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Page 17 of 46 disbursements of the Companys counsel, accountants and other advisors, (v) the qualification of the Securities under securities laws in accordance with the provisions of Section 3(d)
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01
Ensure you have a thorough understanding of the SRA Accounts Rules.
02
Familiarize yourself with the specific requirements and obligations set out in the rules.
03
Keep accurate records of all financial transactions and ensure compliance with the rules.
04
Regularly review and update your accounting practices to ensure ongoing adherence to the rules.
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Who needs sraaccounts rulessolicitors regulation?

01
Legal professionals such as solicitors who are regulated by the Solicitors Regulation Authority (SRA) are required to comply with the SRA Accounts Rules.
02
Firms or individuals handling client money or operating client accounts in connection with legal services provided in England and Wales need to adhere to the rules.
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SRA Accounts Rules are regulations set by the Solicitors Regulation Authority in the UK to govern how solicitors manage client money and accounts.
All solicitors and law firms that hold client money are required to file under the SRA Accounts Rules.
Solicitors must maintain accurate financial records, detailing client money transactions, and complete any required forms as prescribed by the SRA.
The purpose is to ensure the protection of client money, maintain transparency in financial activities, and uphold the integrity of the legal profession.
Solicitors must report details of transactions involving client accounts, including balances, receipts, and payments.
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