by Yasmin Robinson | Aug 7, 2023 | News
Hard on the heels of the Solicitors Regulation Authority’s call for unlimited fining powers, oversight regulator the Legal Services Board today announced plans to review the enforcement and investigative tools available to frontline regulators. ‘This could...
by Yasmin Robinson | Feb 15, 2023 | News
Following public consultation, the SRA has today confirmed the detail of its new approach to levying financial penalties to law firms and solicitors. The reforms, which will come into effect later in the year, will see: the introduction of a fixed-penalty regime for...
by Yasmin Robinson | Jan 20, 2023 | News
The Solicitors Regulation Authority has gone back on the trail of firms failing to meet transparency requirements, with details of three fines published in a single day. The latest round of penalties includes the largest fine issued related to non-compliance with...
by Yasmin Robinson | Oct 28, 2022 | News
The SRA has this week published its second annual professional supervisor report (as required by the Money Laundering Regulations and guidance by the Office for Professional Body Anti-money laundering Supervision (OPBAS) and HM Treasury). It sets out the...
by Yasmin Robinson | Jun 29, 2022 | News
Under measures introduced today, the Solicitors Regulation Authority has been given new powers to fine solicitors up to £25,000 for rule breaks. The changes mean the SRA can now fine law firms and individual solicitors for a broader range of offences – from...