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I'm sorry, but protection of the client, integrity of the profession and strict financial accounting come first in my book. There are already too many instances of (a) shoddy practice, (b) conflicts of interest and (c) abuse / theft of client funds. Where professional standards are concerned, a market free-for-all is the last thing we need. The size of the current handbook is an indication of how those who strive to maintain professional standards have to suffer for the failings of those who don't, and the latest proposals give the impression that the SRA has simply given up. I don't see accountants or architects diluting their regulatory rules in the same way.

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