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By Gideon Habel, Associate in Regulatory & Disciplinary law, Leigh Day   Plotting a careful path to manage regulatory risks before issues arise is always better than dealing with the [...]

What’s The Insurance Distribution Directive 2018 all about? The 1st October saw the implementation of the Insurance Distribution Directive 2018. I may be wrong, but it seemed to pass by without [...]

What is the Financial Services Compensation Scheme (FSCS)? The FSCS is a statutory compensations scheme offered to customers of financial services firms (most notably, banks), which will [...]

No doubt you will have heard of the SRA’s plans requiring firms to publish details of their prices. It stems from the SRA’s ‘Better Information’ consultation and following [...]

    The SRA has published its Risk Outlook for 2018/2019.   One of the main themes emerging is that criminals are having a very real impact upon the legal profession and [...]

Failing to comply with anti-money laundering regulation poses a serious threat to businesses. Take Estate Agents for example – whose average HMRC fine for being around £12,000. Having a robust [...]

On 14th June 2018, the SRA published the latest of its long-awaited regulatory reforms, which have been four years and four consultations in the making. The reforms formed part of the Looking to [...]

One of the fundamental principles of GDPR is that you should only keep personal data for as long as necessary. Lawyers usually retain client files for at least 6 or 7 years for PII purposes, and [...]

This guest article was first published on Legal Finance Professionals. There are very few firms of solicitors that do not have a problem, to a greater or lesser extent, with old residual balances [...]