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Review Your SQE 1 Practice Records

Examination Timing: 00H00M14S

Thomas, a newly qualified solicitor, is setting up his own practice. He needs to understand the purpose of the SRA Accounts Rules. What is the primary purpose of these rules?

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The primary purpose of the SRA Accounts Rules is to protect client money and ensure it is used only for its intended purpose. This ensures that client funds are safeguarded and that solicitors act in a trustworthy manner. Key Point: The SRA Accounts Rules are designed to protect client money, maintaining trust and ensuring that solicitors use client funds appropriately and ethically.

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