Regulation and compliance – Page 121
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NewsSRA to drop mandatory 16-hour CPD
Proposals to remove CPD requirement await SRA board approval.
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NewsRule change ‘puts COFA heads on the block’
SRA last week outlined plans to remove the need for solicitors firms to supply annual reports from an independent accountant.
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NewsClaims companies to pay £2.9m for ombudsman extension
Ministry of Justice confirms LeO will take complaints about CMCs by end of 2014.
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NewsMoJ official hints at PI inducements ban
Government has ‘different view’ to the SRA, which has ruled out the move.
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NewsFar-reaching reforms to ease red tape burden
Most changes are expected to be in place by 1 October.
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NewsSRA targets £200k saving through report removal
Regulator is set to remove the mandatory requirement that firms must submit an annual accountant’s report.
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NewsSRA ready to slash minimum compulsory PII cover
The regulator will reduce the level of mandatory insurance cover from £2m to £500,000.
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NewsCriminal bar needs urgent reappraisal – Grayling reviewer
Sir Bill Jeffrey suggests graduate lawyers obtain their early experience in law firms and join a smaller, specialist criminal bar later.
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NewsSRA drops plan to ban unrated PII insurers
Decision announced as part of a wide-ranging review of regulation of solicitors.
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News‘Risk-based’ plan for compensation fund
Research found sole practitioners and firms in London cause a ‘disproportionate’ level of claims to the fund.
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NewsDecision delayed on guideline hourly rates
Civil Justice Council says it is still finalising its report on rates, which have been unchanged for five years.
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NewsMoJ rules out further reform of legal services regulation
‘No consensus on long-term vision,’ says justice minister Shailesh Vara.
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NewsLSB gives regulators power to select their own boards
Decision comes a day after clashes between the oversight regulator and representative bodies.
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News‘School-leavers only’ pledge by latest ABS
New fixed-fee entrant Riverview Law takes another step into the legal services market.
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NewsLSB chair bows out with splenetic attack on legal ‘trade unions’
David Edmonds calls for single regulator, but the bar's Deech derides proposal for body ‘staffed by quango kings and queens in the pocket of government’.
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NewsHudson: unrated indemnity insurers not an automatic risk
The Law Society has called for talks with Yorkshire Building Society to discuss its plans to remove law firms from its panel.
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NewsSRA set for insurance rethink
Regulator wants to counter the perception that it is ‘indifferent’ to small firms.
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Rethink call over entity-based regulation
The Law Society has called for the SRA to rethink a proposal to exempt some foreign European firms.
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NewsFormer SRA chief moves to financial complaints
Townsend will take on post of complaints commissioner from next week.
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NewsRegulator suspends QASA registration as challenge rumbles on
A renewed application for permission to appeal the dismissal of the judicial review has been listed for 9 May.