News – Page 114
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NewsSolicitor felt ‘comforted’ over tax rules by SRA visit
Solicitor fined £2,000 after failing to inform lenders of buyers’ tax avoidance schemes.
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NewsLaw Society voices ‘dual regulation’ fears
Yesterday’s postponement of changes to the regulation of consumer credit offers no guarantees, Chancery Lane stresses.
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NewsConsumer credit upheaval postponed again
City watchdogs agree to delay regulatory changes as SRA seeks ‘best possible solution’.
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NewsBarrister wins appeal after BSB evidence blunder
Bar Standards Board admits to ‘very regrettable and serious mistake’ in case of public access barrister.
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NewsBig fall in firms not renewing PII
Regulator reveals that 49 firms entered the cessation period after not renewing their insurance last year.
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NewsSRA probes hundreds of firms over PC non-renewal
A total of 3,656 individuals have PCs revoked and will be asked why they did not renew.
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NewsLegal execs' regulator sets sights on solicitor firms
‘Several’ law firms regulated by the SRA are interested in switching to ILEX Professional Standards.
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NewsSRA warning after increase in misuse of client account
Spate of reports at the end of last year prompts new warning notice.
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NewsSRA outlines response to Al-Sweady concerns
Regulator 'will be urgently concluding existing strands of investigation and reviewing the other concerns raised in the ministerial statement’.
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NewsCentralised assessment of aspiring solicitors ‘unthinkable’
People ‘should not be able to walk in off the street and take the exams’, Law Society tells the SRA.
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NewsFirm fined for failing to disclose tax avoidance
SRA says firm had an obligation to disclose to both the purchaser and lender all information material to the transaction.
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NewsBar regulator invites entity applications
Door opened to practitioners wanting to set up BSB-regulated businesses.
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NewsCity lawyers urge SRA to retain consumer credit brief
CLLS warns of extra costs and risk of criminal liability if regulation passes to the Financial Conduct Authority.
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NewsSRA saves millions on intervention costs
Expenditure on closing firms down is much lower than expected - and profession will benefit from savings.
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NewsLSB puts spotlight on unregulated sector
Oversight regulator's three-year plan says it will look for 'level playing field'.
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News‘Extra burdens’ of consumer credit switch laid bare
Advisers commissioned by Chancery Lane warn of massive and costly disruption for thousands of firms.
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NewsOmbudsman hires lottery fund chief
Ian Brack takes on responsibility for expansion in jurisdiction.
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News‘Public access’ barrister disbarred for dishonest conduct
Michael William Wainwright had worked for client directly despite not completing public access training.
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NewsOmbudsman unsure of CMC complaint costs
Service also targets accepting complaints about accountants carrying out probate work.
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