Key reminders and updates
The Solicitors Regulation Authority has launched a consultation outlining potential changes to the SRA Accounts Rules. ICAEW members who prepare accountants’ reports under the Solicitors Regulation Authority Accounts Rules need to understand how new proposals will impact the work they undertake. The deadline to respond is 20 February.
On Thursday 19 March, join us at the University of Hertfordshire for a screening of “Crossing the Line”, the fourth film in ICAEW’s award-winning training series.
Changes effective since 1 January 2026
To be an ICAEW Chartered Accountant or regulated firm sets you apart from the rest and it’s important your clients are aware of the benefits. Share our LinkedIn campaign to promote your specialist experience, technical skills, qualifications and accountability to your clients.
Audit
Use our tool to check if your firm is still eligible to carry out audit work following Audit Regulations changes on audit firm control.
Anti-Money Laundering (AML)
From 18 November 2025, identity verification became a legal requirement for anyone setting up, running, owning or controlling a UK company under the Economic Crime and Corporate Transparency Act. The planned Spring 2026 deadline for presenter measures has now been postponed until no earlier than November 2026, to allow more time to complete the director and PSC transition period and respond to stakeholder feedback.
A unique set of resources for all in an AML compliance role, read the section that corresponds with your role for full guidance on your responsibilities, and a reminder of essential resources.
Episode 27 of the UKFIU's podcast is now available. This episode focuses on payment diversion fraud in the legal sector, with a specific focus on legal professionals involved in conveyancing.
Regulated firms are invited to complete this survey which will help shape the update to the Proliferation Financing National Risk Assessment. Respond by 31 March.
Find out about our AML supervisory role and activity in 2025.
Probate
On our web page “Legal Ombudsman guidance on handling complaints”, we signpost resources from LeO to help legal services firms with their practice. Read the latest LeO Spotlight article “Probate – How to be reasonable” for guidance on clear, timely communication with executors and beneficiaries to prevent complaints.
Insolvency
In the latest Legal Ombudsman Spotlight article on early resolution, it highlights the benefits of resolving concerns early, sharing steps to help legal services providers deliver clearer responses, address issues promptly and improve outcomes for clients.