Regulation and compliance – Page 117
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NewsSeparate-business rule relaxation ‘will increase consumer choice’
Legal Services Board approves plans to allow law firms to manage businesses in other sectors.
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Bar Council leader raises concerns over ABS entities
Alistair MacDonald QC says there are still unanswered questions on alternative business structures and if they should be permitted at the bar.
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NewsFirms under scrutiny over anti-money laundering
Reports about potential breaches of anti-money laundering rules continue to rise, with 184 in the last year.
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NewsSRA chief urges caution over legal regulation reform
Statement comes after both the justice secretary and oversight regulator suggested change may be necessary.
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NewsFirm fined for related business disclosure lapse
Freeman Harris referred clients to a medical-reporting company owned by a partner.
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NewsAction day 28: SRA issues warning over legal aid action
Regulator concerned solicitors following new protocol for action may not be acting in clients’ best interests.
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News‘Compelling case’ for reforming regulation – LSB
Super-regulator sets out legislative options for shakeup of Legal Services Act.
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News‘Cab rank’: barristers allowed to refuse work from solicitors
Changes mean solicitors believed to pose an ‘unacceptable’ credit risk will not be able to call on the time-honoured rule.
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NewsSuper-regulator proposes ‘more discretionary’ approach to ABSs
Legal Services Board publishes collective response to government's call for deregulation proposals.
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NewsTransfer test barrier removed
Candidates currently required to travel to London for one element of the test.
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NewsGove gets to work on the courts and regulation
Justice secretary gives notice of radical reform programme including court closures and review of legal regulation.
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NewsAccounts burden lifted from 1,000 smaller firms
New threshold for removing the requirement to submit accountants’ reports.
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NewsPC fee unchanged for next year
Solicitors Regulation Authority proposes individual fee remains at £320.
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NewsGove: legal aid ‘concerns are legitimate’ – but no concessions
Lord chancellor also pledges review of Legal Services Act to avoid ‘regulators falling over each other’s feet’.
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NewsUnregulated advisers beat law firms in Google rankings
Legal Services Board research finds potential clients confronted with services of unregulated providers.
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NewsSRA in renewed call to lower PII minimum
Last year the regulator’s proposal to cut compulsory cover to £500,000 from £2m was blocked by the Legal Services Board.
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NewsGove promises action on criminal referral fees
Justice secretary tells judges he will not tolerate ‘inappropriate payments’.
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NewsHardship fund proposed for small firms seeking to close
Fund is one of several ideas advanced by the SRA to continue reform of professional indemnity insurance.
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NewsSolicitors ‘ready to innovate but wary of change’ – SRA survey
Research from regulators reveals that 25% of ‘legal service providers’ have introduced a new or improved service since 2012.