SRA focuses on high standards in shorter Handbook 27 September 2017 The Solicitors Regulation Authority (SRA) is proposing a second phase of changes to its rules for solicitors to make them simpler and more focused on high standards, reducing the length of its Handbook by more than 300 pages. The SRA’s Handbook sets out the […]
Passmore: Risks exist for every single solicitor and law firm Lawyers are among those who could face prosecution if they fail to report information that could undermine UK financial sanctions, after a change to the law [1] that came into force this week. “Independent legal professionals”, along with trust or company service providers, accountants and […]
Online consent scam outlawed in fight over personal data Automatically ticked consent boxes that allow companies to harvest and exploit valuable personal information are to be banned in an overhaul of consumer protection laws for internet users. DNA profiles and browsing histories are also to be included in a new definition of personal data, with […]
From 1st July the Council of Mortgage Lenders is integrated into a new trade association, UK Finance. For the time being, all UKF mortgage information will continue to be published on their website, and UKF member-only mortgage information will only be available on UK Finance site. UK Finance represents around 300 firms in the UK providing credit, banking, […]
28 June 2017 You will be able to report your firm’s diversity data to us from the week beginning Monday, 17 July, and will have four weeks to complete this. You can start collecting this data from your staff ahead of time using the new diversity questionnaire available on our website. In line with our […]
AML regulations – update 2 August 2017 We are working through the new Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations, which came into force on 26 June this year. The regulations place new requirements on firms and on us as a “supervisor” – those who regulate or oversee the […]
SRA Risk Outlook 2017-18
The Solicitors Regulation Authority (SRA) is to change its indemnity insurance rules to make it easier for law firms to switch regulator, it announced yesterday. In a bid to encourage competition, the SRA will ditch the requirement that firms switching to another approved regulator have to buy run-off cover. Under the change, the new regulator […]
Anti Money Laundering Practice Note from The Law Society
SRA looks at the public’s experience of conveyancing 26 June 2017 We will be researching the experiences of people who have used conveyancing services offered by solicitors. Around 1,000 former conveyancing clients will be asked their views on the legal aspect of their house purchase or sale. We will use this information to help shape […]