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The SRA’s consultation paper on the Regulation of consumer credit activities was published in October.
It is probably the worst regulatory news for the legal profession.
What you need to know is:
The consultation period closes on the 15 December 2014. We have a few weeks to make a serious attempt to change the SRA’s mind.
LBS Legal will be holding a free to attend seminar where our CEO, Chris Kirk-Blythe will speak about the implications for law firms of this proposed regulation and explain why it will affect almost all law firms even if you currently believe that it will not affect you. The presentation will be followed by a discussion forum hosted by Chris Kirk-Blythe and Natasha Peacock a specialist regulatory barrister with The Needle Partnership.
Date: Monday 10th November 2014 - 1400-1600
Location: Cedar Court Hotel, Huddersfield
If you would like to attend this event please contact Brian Greevy on 07553 371383 or email@example.com to reserve a place.
Client Relationship Manager
T: 0845 056 3949
M: 0743 727 4046
The Law Society has issued a practice note about the risks to solicitors posed by this new legislation, which came into force on 30 September.
The SRA has urged all practices to check HM Treasury’s consolidated list of asset freeze targets, which lists designated persons subject to financial sanction under EU or UK legislation.
The practising certificate renewal period opened on Monday 2 October.
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