News – Page 122
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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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NewsOutgoing SRA chair backs legal apprenticeships
Charles Plant received a lifetime achievement award from the City of London Law Society.
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NewsConsumer credit switch will cost law firms dear - Society
President Andrew Caplen warns of ‘significant problems’ if SRA ceases regulating consumer credit work.
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NewsSRA ready to contact uninsured firms again
Chief executive Paul Philip said the SRA has now reassessed the data and will contact firms next week.
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NewsLSB declines to cut minimum PII cover
Oversight regulator sticks with current minimum of £2m and £3m for incorporated firms and LLPs.
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NewsSRA pledges new focus on helping small firms
Regulator admits some small firms and sole practitioners believe it does not understand their business.
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NewsBar chief says no to ‘super-quango’ regulator
Lavender attacks plans for ‘one-size fits all’ regulator for the profession.
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NewsCall for pro bono rules exemption
LawWorks calls a halt to its debt advisory work for vulnerable consumers, amid continuing uncertainty over the regulatory landscape.
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NewsSRA earmarks ‘level playing field’ between firms and ABSs
Regulator unveils proposals to drop the separate business rule.
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NewsFirst council ABS is formally launched
Buckinghamshire County Council was the first local authority to be granted a licence by the Solicitors Regulation Authority.