Compliance with the new SRA Handbook
Patrick Cannon in Property Week notes that the Solicitors Regulation Authority (SRA) has recently published its “Draft supervision and enforcement strategy for conveyancing”, which it plans to finalise in October this year. This paper explains how the SRA will deal with – or as the paper puts it, “engage with” – solicitors whose conveyancing work is in breach of the new SRA Handbook which is effective from 6 October.
The new handbook is intended to move away from prescriptive rules and introduce more flexibility. To that end, there will be 10 mandatory principles, fleshed out by the code of conduct with lists of “outcomes” and “indicative behaviours”.