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Clifford Chance

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UK regulatory

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Clifford Chance LLP (Clifford Chance) is regulated by the Solicitors Regulation Authority (SRA).

The SRA's Rules can be found in its Code of Conduct, available through the following link: SRA Code of Conduct.

The Law Society of England and Wales is the designated professional body for the purposes of the Financial Services and Market Act 2000 (see below) but responsibility for regulation and complaints handling has been separated from the Law Society's representative function. The SRA is the independent regulatory body and the Legal Ombudsman is the independent complaints handling body.

UK VAT registration number: GB 893 470 882.

Financial Services and Markets Act 2000

Insurance mediation activity

Clifford Chance is not authorised by the Financial Conduct Authority. However, we are included on the Register maintained by the Financial Conduct Authority so that we can carry on insurance mediation activity in the UK, which is broadly the advising on, selling and administration of insurance contracts. This part of our business, including arrangements for complaints or redress if something goes wrong, is regulated by the Solicitors Regulation Authority. The Register can be accessed via the Financial Conduct Authority website.

Investment transactions

Clifford Chance is not authorised under the Financial Services and Markets Act 2000 but we are able in certain circumstances to offer a limited range of investment services to clients because we are regulated by the Solicitors Regulation Authority. We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide.

Nothing we say or do should be construed as an invitation or inducement to engage in investment activities, nor as advice on the investment merits of acquiring or disposing of particular investments.

Interest on money held for clients

Our policy, where we hold money on account for a client, or for a person funding all or part of a client's fees, or for a trust, is as follows: amounts of or in excess of £50,000 are placed on a separate interest bearing deposit deal (subject to bank acceptance) and the full interest earned is paid out; amounts of less than £50,000 are kept in our main general client account and full interest earned over £50 will be paid out.  Interest will not be paid in relation to funds held in client account for unpaid professional disbursements and supplier refunds, unless in exceptional circumstances.

Complaints and Non-judicial dispute resolution procedures (see also "Complaints procedure" on Legal Statements page)

Any client who is not satisfied with the Firm's handling of a complaint may be entitled to ask the Legal Ombudsman of England and Wales to consider the complaint. A complaint to the Legal Ombudsman must normally be made within six months of the date of the conclusion of the Firm's complaints procedure. Details on how to contact the Legal Ombudsman and further information on the procedures involved can be found at www.legalombudsman.org.uk. A client may also be entitled to apply for an assessment of a bill sent by the Firm under Part III of the Solicitors Act 1974. Please note that the Legal Ombudsman may not consider a complaint about a bill if a client has applied to the court for assessment of that bill. In addition, complaints and redress mechanisms are provided by the Solicitors Regulation Authority (SRA). See www.sra.org.uk for more details.