Compliance & Regulation

The Law Society has put forward a “targeted risk” model as an alternative to the Solicitors Regulation Authority’s changes to the rules around COLPs and COFAs.

The Financial Conduct Authority has banned the former owner of collapsed law firm Kingly Solicitors from working in financial services.

The SDT has upheld a decision by the SRA to ban a police station representative convicted of a harassment offence from working for law firms.

A barrister who made improper and inaccurate submissions during his closing speech in the Crown Court has been suspended for his “alarmingly incompetent” behaviour.

There are to be fewer questions in the SQE, the Solicitors Regulation Authority has announced – giving candidates an extra six seconds per question.

A group of conveyancers has thrown its weight behind calls for the SRA to set out the evidence justifying its changes to the COLP/COFA rules.

The Solicitors Regulation Authority is only adding to the confusion as it changes the rules on who can be compliance officers, its former head of legal has said.

A solicitor responsible for multiple rule breaches – including a shortage in client account – has been fined £20,150 by the Solicitors Regulation Authority.

The Financial Conduct Authority expects to start overseeing the anti-money laundering efforts of some lawyers “before the end of 2028”, the government has said.

Small and medium-sized law firms opposed to rule changes on who can hold compliance officer rules have banded together to lobby both the SRA and Law Society.