Transparency rules – act now or face action – is the message from the SRA today!
It looks like the SRA’s patience for firms not complying with the transparency code has expired and this update gives direction to get this right, with a clear and stern warning to do it now. Unfortunately, it is not as straightforward as it seems and can be time-consuming.
The SRA are committed to tackling firms that are not compliant and are promising to review thousands of firms over the coming week. Do not allow your firm to be one of those caught out!
The real issue here is not just failure to comply with the transparency rules but if your firm cannot get this right, it may raise questions on what else in the firm is non-compliant?
This is a peer through an open window into your firm, and your approach to compliance may be one you cannot shut out if you do not get it right. It may lead to you having to open your door instead.
The Strategic Partner’s compliance team will review your website for a fee of £50 and provide you with a written report that
- Highlights any issues you may have
- Advises the action to take to rectify any errors
We can also work with you to implement the changes if you require them.
Our team of expert and dedicated compliance officers are here to assist you and your firm.
Click here to read the full article by the SRA.