Friday, March 9, 2012

SRA Updates: Handbook Revisions, Conduct Breaches, Compliance Deadlines

Hat tip to Legal Futures for several interesting Solicitors Regulation Authority updates:
  • SRA approves third version of Handbook in six months – with another one set for June -- "The SRA said it recognised the disruption that so many updates in such a short time would cause the regulated community but argued that they have been unavoidable. The plan is to have two updates a year once implementation of the new regime has settled down."
  • Most firms in multiple breach of the Solicitors Code of Conduct, says SRA research -- "The vast majority of law firms are non-compliant with the Solicitors Code of Conduct, research by the Solicitors Regulation Authority (SRA) has found. Most of the 200 firms assessed for a baseline study on solicitors’ approach to regulatory compliance had four or five incidences of non-compliance, although in the main they could be remedied relatively easily through changes to client-care procedures and letters, the authority said."
  • SRA set to delay COLP and COFA deadline -- "The 31 March deadline for law firms to nominate their new compliance officers is to be pushed back as a result of the continuing practising certificate (PC) renewal problems at the Solicitors Regulation Authority (SRA)."
  • SRA rejects calls to curb publication of regulatory decisions against solicitors -- "The Solicitors Regulation Authority (SRA) has rejected calls from the Law Society and practitioners to curb the amount of information it publishes about solicitors subject to regulatory sanctions."

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