All Regulation and compliance articles – Page 147
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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.
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NewsSRA to drop mandatory 16-hour CPD
Proposals to remove CPD requirement await SRA board approval.
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OpinionMcKenzie friends like this…
The use of these friends is being encouraged by those who ought to know better.
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FeatureCalculation of time
A district judge considers the timing of compliance with directions orders.
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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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OpinionSRA’s plans can only help the life of PII
Insurance proposals strike a Goldilocks balance between market freedom and consumer protection.
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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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FeatureRoundtable: professional indemnity
The professional indemnity insurance market is likely to remain turbulent for some time to come, despite far-reaching reforms.
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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.