SRA seeks views on updates to solicitor competence framework 08 October 2026 The Solicitors Regulation Authority (SRA) is inviting views on proposed updates to the Statement of Solicitor Competence and functioning legal knowledge (FLK).

While this is a legal services consultation, it has direct implications for financial services firms that rely on solicitors for regulatory advice, litigation, and transactional work. The competence framework sets the minimum standards for solicitors, and updates could affect the quality and consistency of legal services provided to banks, insurers, and investment firms. Compliance and legal teams should monitor the consultation and consider whether the proposed changes align with their own competency expectations for external counsel.

For firms with in-house solicitors, the new standards may require adjustments to training and development programmes. The SRA is seeking views, so there is an opportunity to influence the final framework by submitting a response. Key actions: review current reliance on solicitor services, assess potential impact on legal risk, and engage with the consultation through your trade body or directly.

No deadline has been announced yet, but early engagement is advised.