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SRA releases new SRA Accounts Rules guidance

On 4 July, the SRA released the first of its long promised guidance notes to support the forthcoming regulatory changes and the brand new SRA Accounts Rules.

Covering areas such as firm authorisation, operation of client accounts and joint accounts, accounting records, Accountants Reports and Third Party Managed Accounts (TPMAs), it is one of the largest information releases from the SRA in a single day in recent memory. 

Remember that this guidance doesn’t take effect until 25 November 2019 when the changes to the SRA Handbook come into force, but what have we learned from this flurry of new information, and what difference will this make practically for us all when the day arrives?