The Law Society has reiterated its criticism of the Solicitors Regulation Authority's (SRA) plans to regulate legal executives, specifically members of the Chartered Institute of Legal Executives (CILEX). Law Society CEO Ian Jeffery emphasized that now is not the right time for the SRA to expand its regulatory scope. The SRA Board is expected to make a decision on this matter soon. Additionally, the High Court has dismissed the SRA's appeal in an anti-money laundering (AML) case, a significant legal setback for the regulatory body. The Law Society Gazette reported these developments on June 26.
“Now is not the right time for the SRA to seek to widen its regulatory scope or take on additional responsibilities.” Law Society CEO, Ian Jeffery tells @JoshuaRozenberg, as the SRA Board decides the regulation of CILEX members. https://t.co/hcNHM4vVmq https://t.co/ghLYhaz0ak
SRA tight-lipped on CILEX takeover decision: https://t.co/lRfFKg4Lx2
“The Law Society fully supports the goals of a robust & proactive AML regime, including proportionate and risk-based Money Laundering Regulations.” President Nick Emmerson tells @TWProbate, we respond to an MLR reform consultation. https://t.co/knay5XAnvR https://t.co/STgsvTqoGj
Confirmation from the High Court as Southend United’s winding up petition is dismissed Read here: https://t.co/SK7bofADCL https://t.co/SK7bofADCL
SRA fails in appeal over solicitor cleared of AML breaches https://t.co/InB88kUJp8
“The SRA must seriously consider whether the time, resources & management focus required to integrate CILEX regulation into the SRA is wise.” CEO Ian Jeffery tells @lawsocgazette, as we await the SRA Board’s decision on the regulation of CILEX members. https://t.co/SLzNvFcVC6 https://t.co/ckzawl9wxy
High Court throws out SRA’s appeal in AML case: https://t.co/lIjTSLQ5rW
"We welcome the opportunity to ensure the MLRs are more proportionate to the risks & emerging threats faced by legal professionals.” President Nick Emmerson tells @SolicitorsJrnl, as we respond to a Money Laundering Regulations reform consultation. https://t.co/loylY2kVVz https://t.co/toOqGuL3gB
Law Society repeats criticism of plans for Solicitors Regulation Authority to regulate legal executives on eve of crucial decision: https://t.co/bMJjgx8pm2
“Now is not the right time for the SRA to seek to widen its regulatory scope or take on additional responsibilities.” Our chief executive officer Ian Jeffery tells @SolicitorsJrnl, as the SRA is set to decide on regulating CILEX members this week. https://t.co/O1UsH13th4 https://t.co/vdsHAFGJa3