Regulation and compliance – Page 118
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NewsSRA looks to fill £10,000-a-year board roles
Regulator advertises for seven new members of its decision-making team.
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NewsSRA silent over ‘fake’ bank law firm probe
Regulator tight-lippped on letter-writing scandal despite stern warning in July.
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NewsFormer partners fined for ‘orderly wind-down’ failings
A J Bond & Co closed on 29 December but continued to hold client files and monies after that date.
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NewsRegulator stands firm on £500,000 PII cover plan
SRA chief executive Paul Philip reiterates that his organisation is responding to calls for reform.
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NewsSRA puts money laundering in spotlight
The regulator says it will step up efforts to ensure solicitors do not become embroiled in the practice.
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NewsSRA hints at rethink on compliance roles
Chief executive Paul Philip says review of COLP and COFA regime will form part of ‘radical overhaul’.
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NewsSolicitor data to be opened to comparison sites
SRA responds to a call from the Legal Services Consumer Panel to provide more information for online registers.
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NewsSRA concedes defeat on PII change this year
Regulator accepts it cannot change minimum terms in time for this year’s renewal period.
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NewsClosed CPD provider owes £458k, records show
Progressive Legal Training was founded in 1995 and provided around 3,000 CPD courses across the country.
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NewsSuper-regulator approves PC fee cut
Cost of practising certificate down, but LSB seeking more transparency on spending.
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NewsYouth advocacy review established
Move follows a parliamentary report recommending that all lawyers representing children should be accredited to do so.
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NewsICAEW approved to regulate probate and license ABSs
Chartered accountancy body breaks new ground in legal market liberalisation.
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NewsLiverpool PI firm falls foul of advertising standards
Association of Personal Injury Lawyers complained about ads for Hampson Hughes offering ‘upfront’ payments.
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NewsPII decision held for up to 90 days
LSB had an initial 28-day period to assess the proposals, but the organisation has now extended that deadline.
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NewsProfessions line up to oppose PII reforms
LSB warned that premium savings will be minimal and lenders will cull conveyancing panels.
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NewsRed tape cut opens way to private equity
SRA will ‘forge ahead with changes that remove restrictions and regulation that cannot be justified’.
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PC renewal dates set
This year’s practising certificate renewal exercise will take place between 1-31 October, the Solicitors Regulation Authority announced.
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Scottish regulation proposals
Solicitors in Scotland could become subject to outcomes-focused regulation in a similar way to their colleagues in England and Wales, the Law Society of Scotland has proposed.
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NewsReforms had ‘little impact’ on access to justice – LSB
The Legal Services Board publishes the findings of an investigation into the PI market during the period from 1999 to 2013.