Super-regulator backs campaign for higher penalties

Super-regulator backs campaign for higher penalties

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...
New power for SRA in ‘failure to prevent’ offence

New power for SRA in ‘failure to prevent’ offence

A new offence of failure to prevent fraud will be created by an amendment to the Economic Crime and Corporate Transparency Bill tabled by the government today. Under the measure, an organisation where a fraud has been committed must be able to demonstrate that it had...
New power for SRA in ‘failure to prevent’ offence

SRA fining powers increased to £25,000 from today

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...
New power for SRA in ‘failure to prevent’ offence

SRA to boost fining powers by over 1,000% to £25k

Plans to increase the regulator’s fining powers from £2,000 to £25,000 are to go ahead, the Solicitors Regulation  announced today. A new system of ‘fixed penalties’ for lower-level breaches will also be introduced, enabling cases such as administrative failings to be...