Ex·empt (. To free from an obligation, duty, or liability to which others are subject: exempting the.
Glossary. This section of the Handbook contains the SRA Handbook Glossary. The SRA Handbook Glossary comprises a set of defined terms which are used in the SRA Handbook. Terms being used in their defined sense appear as italicised text within the individual sets of provisions of the SRA Handbook. The same terms in the SRA Handbook may appear as italicised text in some cases but not in others. Where they are not italicised, for reasons relating to the specific context, they are not being used in their defined sense and take their natural meaning in that context. The Glossary also contains interpretation and transitional provisions.
The SRA Handbook Glossary dated 1. April 2. 01. 2 made by the Solicitors Regulation Authority Board. Made under Part I, Part II, section 7. B of Schedule 1 to, the Solicitors Act 1. A of, and paragraphs 1.
RSS is a way of providing content to the user's browser or desktop in an efficient way. By using RSS feeds, the user can stay updated on the news from TOI and other. CHAPTER I.- PRELIMINARY. Short title, extent and commencement. Common Taaqibat for All Salat . Imam Mohammed Baqir (a.s.) has said that after every mandatory prayer, there is no better.
A, 1. 4B and 3. 2 to 3. Schedule 2 to, the Administration of Justice Act 1. Schedule 1. 1 to and paragraph 6 of Schedule 1. Legal Services Act 2. Schedule 1. 4 to the Courts and Legal Services Act 1. AJA means the Administration of Justice Act 1.
LSA, to hear and determine appeals against decisions made by the SRA acting as a licensing authority. BSBmeans the Bar Standards Board. This includes money held or received: (i)as trustee; (ii)as agent, bailee, stakeholder, or as the donee of a power of attorney, or as a liquidator, trustee in bankruptcy, Court of Protection deputy or trustee of an occupational pension scheme; (iii)for payment of unpaid professional disbursements; (iv)for payment of taxes, duties or fees on behalf of clients or third parties; (v)as a payment on account of costs and disbursements generally; (vi)jointly with another person outside of your practice; (vii)to the sender's order. COFAmeans a compliance officer for finance and administration in accordance with Rule 8.
SRA Authorisation Rules, or Regulation 4. SRA Practising Regulations, and in relation to a licensable body is a reference to its HOFA.
FSMA (Collective Investment Schemes)) any arrangements with respect to property of any description, including money, the purpose or effect of which is to enable persons taking part in the arrangements (whether by becoming owners of the property or any part of it or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income, which are not excluded by the Financial Services and Markets Act (Collective Investment Schemes) Order 2. SI 2. 00. 1/1. 06. COLPmeans compliance officer for legal practice in accordance with Rule 8. SRA Authorisation Rules or Regulation 4. SRA Practising Regulations, and in relation to a licensable body is a reference to its HOLP. Companies Actsmeans the Companies Act 1. Companies Act 2. 00.
Establishment Directive state and registered under the Companies Acts or a societas Europaea. Chapter 3 of the SRA Code of Conduct means any situation in which two or more clients are competing for an . EELmeans exempt European lawyer, namely, a member of an Establishment Directive profession: (i)registered with the BSB; or(ii)based entirely at an office or offices outside England and Wales, who is not a lawyer of England and Wales (whether entitled to practise as such or not). August 2. 00. 0; and(ii)a relevant claim is made in respect of any matter which would have given rise to an entitlement of the principal to indemnity out of the fund under the Solicitors' Indemnity Rules 1. Solicitors Indemnity Fund Limited on 3. August 2. 00. 0; and(iii)the principal has not at any time been a . We will assess equivalence in accordance with guidance we may issue from time to time.
For the purpose of the definition of . Exempting Law Degreemeans a QLD incorporating an LPC, approved by us. SRA Indemnity Rules in respect of which no preceding qualifying insurance remains in force to cover such claim, by reason only of: (i)the run- off cover provided or required to be provided under the policy having been activated; and(ii)the sixth anniversary of the date on which cover under such qualifying insurance would have ended but for the activation of such run- off cover having passed; or(iii)(in the case of a firm in default or a run- off firm) the period of run- off cover provided or required to be provided under arrangements made to cover such claim through the ARP having expired. ARP policy in force at the time immediately prior to the date on which run- off cover was triggered under the preceding qualifying insurance, excluding clause 5 (Run- off cover) of the MTC, as if it were a contract between Solicitors Indemnity Fund Limited and the firm or person making an expired run- off claim; or(ii)where they are provided to Solicitors Indemnity Fund Limited prior to payment of the claim, the terms of the preceding qualifying insurance, provided that: (A)references in the preceding qualifying insurance to the qualifying insurer that issued such insurance shall be read as references to Solicitors Indemnity Fund Limited; (B)any obligation owed by any insured under the preceding qualifying insurance to the qualifying insurer which issued such insurance shall be deemed to be owed to Solicitors Indemnity Fund Limited in place of such qualifying insurer, unless and to the extent that Solicitors Indemnity Fund Limited in its absolute discretion otherwise agrees; (C) the obligations of the fund and/or any insured in respect of an expired run- off claim shall neither exceed nor be less than the requirements of the MTC which, in accordance with the applicable SIIR, such preceding qualifying insurance included or was required to include. Solicitors Indemnity Fund Limited shall be under no obligation to take any steps to obtain the terms of any such preceding qualifying insurance, which for these purposes includes the terms on which it was written in respect of the insured firm or person in question, and not merely a standard policy wording. FCAmeans the Financial Conduct Authority.
VAT element). HOLPmeans a Head of Legal Practice within the meaning of paragraph 1. Schedule 1. 1 to the LSA. F(3) of the Regulated Activities Order. Immigration and Asylum Act 1. Joint Insolvency Committeemeans the Committee formed by the Insolvency Service, the recognised professional bodies under the Insolvency Act 1. Joint Statement means the Joint Statement on Qualifying Law Degrees, prepared jointly by us and the BSB, setting out the conditions a law degree course must meet in order to be recognised by us as a QLD. LASPOmeans the Legal Aid, Sentencing and Punishment of Offenders Act 2.
UK; (ii)a profession whose members are authorised to carry on legal activities by an approved regulator other than the SRA; (iii)an Establishment Directive profession other than a UK profession; (iv)a legal profession which has been approved by the SRA for the purpose of recognised bodies in England and Wales; and (v)any other regulated legal profession specified by the SRA for the purpose of this definition. England and Wales constitute the national group of lawyers with the largest (or equal largest) share of control of the body either as individual managers or by their share in the control of bodies which are managers; (ii)for the purposes of Part 7 (Overseas practice) of the SRA Accounts Rules the definition at sub- paragraph (i) above applies save that the second reference to . This includes money held or received in respect of: (i)the running of your overseas practice, for example sales tax on your practice's fees; (ii)fees due to you or your overseas practice against a bill or written notification of costs incurred which has been delivered to the client or paying party; and(iii)disbursements already paid by you or your overseas practice; (iv)disbursements incurred but not yet paid by you or your overseas practice, but excluding unpaid professional disbursements. MDP in relation to activities that are not regulated activities.
England and Wales. A)a branch office of an authorised body; (B)a subsidiary company of an authorised body; (C)a subsidiary undertaking, within the meaning of section 1.
Companies Act 2. 00. D)an entity whose business, management or ownership are otherwise in fact or law controlled by an authorised body; (E)an individual acting as a representative (whether as an employee or agent) of an authorised body; or(F)a sole principal whose business, management or ownership are otherwise in fact or law controlled by an authorised body,established outside England and Wales and providing legal services; and(ii)in the SRA Indemnity Rules means a practice carried on wholly from an overseas office or offices, including a practice deemed to be a separate practice by virtue of paragraph (ii) of the definition of separate practice. Chapter 3 of the SRA Code of Conduct, means any situation where your duty to act in the best interests of any client in relation to a matter conflicts, or there is a significant risk that it may conflict, with your own interests in relation to that or a related matter.
SRA Authorisation Rules, the SRA Practice Framework Rules and the SRA Practising Regulations owner means any person who holds a material interest in an authorised body, and in the case of a partnership, any partner regardless of whether they hold a material interest in the partnership; and (ii)for the purposes of the SRA Principles and the SRA Code of Conduct means a person who holds a material interest in the body; and(iii)for the purposes of the SRA Suitability Test includes owners who have no active role in the running of the business as well as owners who do,and . Satisfactory completion of the PSC is recognised by us as satisfying, in part, the vocational stage of training.