SRA Consumer credit toolkit helps firms with compliance

A consumer credit toolkit adopting a new approach for law firm regulation so that the majority of practices should not have to be regulated by both SRA and the Financial Conduct Authority (FCA).

The new approach, which comes into effect on 1 April 2016, allows SRA to carry out consumer credit regulation for firms if their work is an integral part of the legal services being provided.

Some firms might still need to be regulated by the FCA, so all practices need to check if they need to apply for dual regulation.

The SRA Consumer Credit toolkit

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