Restrictions prohibit solicitor from acting as COLP, COFA, MLRO or handling client money
The Solicitors Regulation Authority has imposed significant practising restrictions on solicitor Mayoor Motichand Parekh, preventing him from managing a law firm, handling client money or holding senior compliance roles.
According to a regulatory notice published on 11 May 2026, Mr Parekh’s practising certificate for 2025/2026 is now subject to multiple conditions following an SRA decision made on 7 April 2026.
At the time of the decision, Mr Parekh was practising at Wolf Law Solicitors Ltd, based at 14-16 Balls Road, Birkenhead. The firm is authorised by the SRA under firm ID 614749.
Under the conditions imposed by the regulator, Mr Parekh is prohibited from acting as a manager or owner of any authorised legal practice. He is also barred from practising as a sole practitioner under regulations governing authorised individuals.
The restrictions further prevent him from acting as a compliance officer for legal practice (COLP), compliance officer for finance and administration (COFA), head of legal practice (HOLP) or head of finance and administration (HOFA) in both SRA-regulated and non-SRA authorised firms.
In addition, the SRA has prohibited Mr Parekh from acting as a money laundering compliance officer (MLCO) or money laundering reporting officer (MLRO) for any authorised body.
The regulator also imposed restrictions relating to financial controls within legal practice. Mr Parekh must not hold or receive client money, act as a signatory on client or office accounts, or authorise transfers from those accounts.
The SRA said the conditions were imposed “in the public interest” and described them as “reasonable and proportionate” in light of the regulatory objectives set out under the Legal Services Act 2007 and the SRA Authorisation of Individuals Regulations.
The published decision notice does not set out the underlying allegations or factual background that led to the restrictions being imposed.
Regulatory conditions of this nature allow solicitors to continue practising subject to limitations designed to protect clients, firms and the wider public while regulatory concerns remain in place.