Do I need to complete it?
Yes. You need to complete this application even if you are not subject to the MLRs.
This application is a mandatory notice under Outcomes 10.8 and 10.9 of the SRA Code of Conduct 2011 and for relevant persons, Regulation 66 of the MLRs.
This notice requires all those we regulate to provide a response to the questions in this application to us so that we can carry out our regulatory functions as a supervisory authority under the MLRs.
If you are subject to MLRs, and fail to comply with the notice, you will be guilty of an offence and liable on summary conviction in England and Wales, to imprisonment for a term not exceeding three months, to a fine or to both.
We will investigate those who fail to comply with this notice and complete the application and are able to take the necessary enforcement action against you for non-compliance regardless of whether you are subject to the MLRs."