Current open consultations

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29 March 2010


Name: Moving toward a fairer fee policy: transitional arrangements
Who: Solicitors Regulation Authority
Closing date: 16 April
In brief: The third consultation on fee policy, this considers ways to moderate the impact of using the firms’ turnover figure to set the new turnover-based fee, where firms have subsequently been hit by the recession.
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Name: Development of authorisation to practise arrangements
Who: Bar Standards Board
Closing date: 1 June
In brief: The board proposed a strengthened approach to the practising certificate renewal process which is more directly linked to compliance with the criteria that must be met in order to practise as a barrister, such as CPD and professional indemnity insurance cover.
To find out more, click here.


Legal Futures Blog

Know your client checks – A lesson from BHS

Paul-Bennett for Legal Futures

As you will be aware, it is a legal requirement for advisory firms to carry out ‘know your client’ checks. The purpose of doing so is to confirm your client’s identity and to seek to provide protection in respect of anti-money laundering (AML) and terrorist financing laws. The BHS experience before the House of Commons’ work and pensions committee and business, innovation and skills committee shows that firms need to think beyond AML obligations.

September 29th, 2016