Regulatory Settlement Agreement Sra

If your case has been referred to TDS, the costs will increase significantly and, as a result, negotiations for a possible agreement should be conducted quickly. If the procedure has already been initiated, the SDT may reject a request to withdraw the procedure in favour of registration in an RSA. Jonathan Goodwin can help and advise you with confidence on all aspects of an RSA. Similarly, the parties could agree on conditions that control future practices, such as an agreement that a practice for lenders does not act in the transmission of transactions or that a lawyer does not act as a manager of a practice for a period of time. In serious cases, it could be agreed that the practice would be concluded within an agreed time frame. The SRA is not required to open negotiations on a regulatory agreement and it can sometimes be difficult to get the SRA to negotiate. If the SRA believes that a lawyer has acted dishonestly or that the integrity of a lawyer is called into question for another reason, the SRA may decide that a transaction agreement is inappropriate and that it is in the public interest to impose formal disciplinary action. This website should not be used to make a decision about your case. Each case is different and a regulatory agreement is not always an appropriate outcome.

If you would like reliable advice, if you would like to enter into an agreement or negotiate the content of such a contract or discuss your case in general, please contact one of our lawyers. Normally, it takes three to six months for the SRA to issue a Rule 5 notice detailing the allegations and the rules that violate the offences and contain the documents on which the SRA intends to rely. This means that there is little time to negotiate an agreement. We consider any conduct inconsistent with the RSA to be a violation of our standards and regulations. For example, the refusal of the infringements granted or the substantial distortion of the agreement.