Regulation and compliance – Page 120
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NewsOsborne to extend Libor legislation
Treasury promises to crack down on rogue banks and traders by extending Libor legislation.
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NewsQASA fight pushes LSB legal spend up 10-fold
Accounts show regulator’s overall spending falling slightly.
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NewsSRA confirms another month of falling firm numbers
Just 30 firms closed in February – the most recent month that figures are available – but over the course of the past year 1,094 firms have gone.
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NewsConsumer panel to use FoI requests for lawyer data
Watchdog wants to collate more information on lawyers’ performance in the coming year.
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NewsCPD ‘already embedded in firms’, says SRA
Research finds firms do not need compulsory 16-hours CPD as they already have best practice in place.
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NewsWork yourself out of existence, Grayling tells super-regulator
Chris Grayling said the LSB should work towards its demise to reduce ‘time-consuming and intrusive’ legal regulation.
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NewsSociety: lobby against ‘damaging’ SRA reforms
Ex-president writes to local societies warning that PII premiums will rise, while conveyancers could be turfed out of the market.
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NewsDiversity increases, but too slowly, says SRA
The number of women and BME solicitors has grown gradually, but their career progression remains slow.
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NewsRacial disparity ‘an issue’, SRA agrees
Regulator accepts Gus John’s findings that black and minority ethnic solicitors are disproportionately represented in regulatory activities.
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NewsCPD reform plan ‘could ruin market for training’
At least one leading provider has already ceased trading as a result of SRA’s decision to drop mandatory requirement.
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NewsNews focus: CCBE plenary session
Prosecuting cross-border fraud, UK exceptionalism and the rule of law in Ukraine were among the issues discussed at last month’s plenary session of the CCBE.
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NewsBarrister who failed to pay tribunal fine to be disbarred
Unregistered barrister Christopher Mills failed to pay a £5,335 fine imposed by the Bar Standards Board for holding himself out as a barrister.
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NewsLegal clients suffer in silence, says consumer watchdog
Legal Services Consumer Panel says 44% of people dissatisfied with legal services do not complain.
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NewsBarrister tax cheat disbarred
Edward Paul Agbaje was jailed after failing to pass on VAT charged to clients.
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NewsLeading CPD firm ceases trading
Progressive Legal Training Ltd announces closure a week after regulator’s announcement that mandatory requirement is to end.
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NewsBrokers warn SRA plans ‘unlikely’ to cut PII costs
Consultation has created uncertainty and failed to address key problems in the market, say insiders.
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NewsAnnual declaration replaces CPD hours
Onus will be on firms and solicitors to pledge commitment to CPD.
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NewsSRA investigates dozens over PII disclosure
Action also underway in relation to revoking practising certificates.
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NewsCompanies equip compliance officers to see off risks
Some 60% of chief compliance officers say their budgets have increased over the last 12 months.
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News‘Considerable improvement’ in SRA’s complaint-handling
Cases concerned with the SRA’s complaints-handling have risen by 18% since 2012, but the number upheld has dropped, report says.