All Regulation and compliance articles – Page 15
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NewsIn depth: SRA bides its time on CILEX coup
The SRA has formally announced that it wants to regulate Chartered Institute of Legal Executives members, arguing that this is in the public interest. But with the Law Society Council holding an effective veto, could the future of legal services regulation be at stake?
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FeatureDecisions and interventions
Decisions filed recently with the Law Society (which may be subject to appeal).
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NewsConveyancers warned over post-completion work
Specialist regulator says some members not taking their responsibilities seriously and using Land Registry to check their work.
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NewsZahawi solicitor to face SDT over ‘without prejudice’ email
Representatives for Osborne Clarke partner tell the tribunal the SRA’s prosecution is ‘misconceived’.
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NewsSolicitor who practised while suspended avoids permanent ban
Tribunal accepts revised five-year suspension but with reservations.
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NewsSRA faces push-back on any plan to scrap client account
Law Society says firms’ ability to handle client money is fundamental to effective delivery of legal services.
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NewsSRA approves plan for regulating legal executives
Board backs change but proposal could face political and legal challenges.
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OpinionUnchartered territory
It is not just the SRA that is moving its tanks on to someone else’s lawn.
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NewsSolicitor fined £10k after switching signatures
SRA says experienced solicitor made a serious error in judgement.
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NewsSRA revises fines regime in anticipation of unlimited powers
Two new bands for serious misconduct will make financial penalties framework 'fit for purpose'.
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NewsLaw Society calls on SRA to evidence huge rise in compensation fund levy
Individual contributions will jump by £60 while £660 levy on firms will rise to £2,220 under SRA proposals.
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NewsSRA tight-lipped on CILEX takeover decision
Board met yesterday to decide whether or not to proceed with plans to regulate members of the Chartered Institute of Legal Executives.
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NewsHigh Court throws out SRA’s appeal in AML case
External provider failed to identify politically exposed person related to client, court hears.
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NewsSociety attacks SRA's CILEX takeover as decision-day looms
'Now is not the right time for the SRA to seek to widen its regulatory scope or take on additional responsibilities.'
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NewsSRA liable for £189,000 costs after ignoring its own AML guidance
Tribunal rebuffs regulator's attempt to penalise international firm Dentons after unsuccessful prosecution.
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NewsSRA issues new client account warning
Regulator issues apparently unprompted edict to profession not to allow shortages to linger.
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FeatureDecisions and interventions
Decisions filed recently with the Law Society (which may be subject to appeal).
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NewsOffice manager helped to move £176k from client accounts to save firm
Transfers were made to the office account to pay staff wages and settle business loans.
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NewsSRA probing 20 solicitors and firms over Post Office scandal
In updated statement, regulator says investigation includes conduct of lawyers during and since prosecutions.
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NewsSRA sounds alarm on firm mergers
M&As must prioritise clients’ interests, regulator warns after spate of high profile collapses.