Old SRA Accounts Rule 12.8 – transactions relating to

[Josie]

Hi,

Do the principles still remain the same that personal transactions relating to an equity partner is still business money and not client money? There’s no mention of this in the current rules whereas, the 2011 rules had a specific rule setting out the requirements.

Thank you

[Darren Whelan]

Hi Josie,

I asked the SRA to confirm this recently and the answer was “no change”.

Hope that helps.

[Author]

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