SRA Risk Outlook 2019/2020
The SRA have now produced their most recent Risk Outlook – a must read for all COLPs and COFAs as to what the SRA are homing in on. Don’t be fooled by the reduction of issues from 10 to 9 – they [...]
FATF Risk Based Approach Guidance for Legal Professionals: a quick overview
For those of you frustrated by the grey areas and contradictions inherent in the risk-based anti-money laundering regime (AML) regime, this (long) guidance from the Financial Action Task Force [...]
SRA Diversity Data Monitoring 2019
From Monday 3rd June 2019 you will have four weeks to complete your firm’s diversity data and report to the SRA. It is an important exercise – studies show that a diverse workforce has many [...]
Regulatory update for solicitors, COLPs and COFAs
A quick update on the regulatory landscape for SRA regulated law firms. Particularly relevant for COLPs and COFAs in discharging their duties. Overview of the new SRA ‘Standards and [...]
‘No-deal’ Brexit and practising rights
On 22 February the Ministry of Justice (MOJ) published new No-deal Brexit guidance for lawyers. Although it is nothing that was not known before, this document is a must-read for: European [...]
The Dirty Dozen – 12 jobs COLPs must tackle in 2019
Forget about gym-membership subscriptions and new healthy eating regimes. Maybe something a little more palatable would be a constructive look at planning your risk and compliance tasks for the [...]
SRA Transparency Rules in a nutshell
What are the SRA Transparency Rules? The clue is in the name! Law firms are to be more transparent in respect of the prices and services that they offer. The SRA transparency rules are part of [...]
Guest post – SRA investigations: be alert, be prepared
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 [...]
The Insurance Distribution Directive 2018 for solicitors
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 [...]
The Financial Services Compensation Scheme and solicitors
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 [...]
