Regulated Financial Services & Law Firm Compliance - The Do’s & Don’ts

Introduction

There are legal restrictions on the types of financial services which can be provided in circumstances where your law firm is not authorised and regulated by the Financial Conduct Authority. The legal and regulatory penalties for breaching these restrictions are severe.

This virtual classroom session will explore the restrictions and also explain the limited types of financial services which can be provided in SRA-authorised law firms. It will cover the conditions which must be met, and the compliance in practice requirements which must be satisfied.

This session will be relevant to the firm’s managers and owners, the COLP, and anyone involved in the firm’s risk and compliance strategy.

What You Will Learn

This live and interactive session will cover the following:

• The legal framework for the provision of regulated financial services
• The decisions which law firms must make
• What the SRA expects of you
• A review of the SRA Standards and Regulations and how they apply to this topic
• The SRA Financial Services (Scope) Rules - prohibitions, conditions, and requirements relating to particular types of regulated activities
• The SRA Financial Services (Conduct of Business) Rules - how you are required to behave
• Hot topics - insurance distribution and credit-related regulated activities
• Tips to demonstrate compliance in practice and manage your response to this topic

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.