Professional Conduct and Regulation (MLP) - BHL0075

Assessment 1: Other

Activities providing opportunities for formative assessment will generally be integrated into the teaching and learning process and apply to all components of summative assessment.  The nature of the formative assessment tasks used will be at the discretion of the tutor, to include for example, workshop exercises, quizzes, group discussions. 

Other 

Assessment 1: Exam

Exam - Professional Conduct and Regulation

Exam 

Assessment 2: Exam

Solicitors Accounts Rules. An unmarked copy of the Solicitors Accounts Rules is permitted. 

This module is designed to provide students with a knowledge of the following main topic areas:  Professional Conduct: the rules of conduct; the organisation of the solicitors’ profession – Financial Services: purpose and scope of financial services regulation; the regulatory regime and its application to solicitors – Money Laundering: overview of the relevant legislation; appreciation of its nature; recognition of money laundering operations.  This subject pervades all practice modules within this course.
The module also gives an overview of the Solicitors Accounts Rules and general accounting procedures.

Huddersfield Business School

<a href="https://library.hud.ac.uk/readinglists/BHL0075">https://library.hud.ac.uk/readinglists/BHL0075</a>

BHL0075 - Professional Conduct and Regulation (MLP)

Professional Conduct and Regulation (MLP)

Be familiar with the Solicitors’ Code of Conduct affecting the conduct of work likely to be encountered by trainees including: 
 
•	the core duties of solicitors under Rule 1;
•	acting only when competent to do so;
•	principles and practices of good client relations, client care and information about cost;
•	conflicts of interest;
•	client confidentiality and disclosure;
•	professional undertakings;
•	the solicitor and the court;
•	avoiding discrimination and promoting equality and diversity;


Be familiar with the money laundering legislation, including the international context;

Prepare a simple statement for clients on completion of a matter.

Be able to recognise circumstances encountered in the course of practice where suspicion of money laundering should be reported in accordance with the legislation, with particular reference to those types of legal work covered by Stage 1;

Apply financial services provisions to the types of work covered by the course;

Understand the organisation, regulation and ethics of the profession and be familiar with the impact of:

•	the requirements of practice including practising certificates and indemnity insurance;
•	in-house practice, including non-commercial advice services;
•	business management of private practice, including the supervision of solicitors’ offices, sole principals, partnerships and incorporation;
•	relations with third parties;


Recognise, record and interpret receipts into and payments from office and client accounts

Understand the purpose and scope of financial services regulation;

Understand the Solicitors’ Accounts Rules, including the:

•	requirement to maintain separate office and client ledgers and bank accounts;
•	obligations regarding payment into and drawings from client bank accounts;
•	entitlement to make transfers between client bank accounts and ledgers and between client and office bank accounts and the need to record such transfers;
•	obligation to pay interest to clients and the funding of such payments;
•	requirements in respect of the holding of trust monies;
•	powers of the Solicitors Regulation Authority to secure compliance with the Solicitors’ Accounts Rules.


Identify and find appropriate sources of information on financial services;

Recognise when relevant financial services issues arise;

Identify issues of professional conduct arising in typical practical situations;

Understand the financial services regulatory framework in general (including authorisation), and how it applies to solicitors’ firms;

Use their course materials and the Solicitors’ Code of Conduct 2007 as reference resources to determine how a solicitor’s firm should proceed in relevant situations applicable to professional conduct;