BLS has been notified of two new SRA consultations.
They are seeking views on proposals that could reduce the regulatory burden by ensuring their activities are proportionate in addressing regulatory risks.
You are invited to take part in two consultations:
- in the first consultation, they propose to carry out the keeping of the roll exercise only when there is a regulatory need (no longer annually), reducing the cost for those no longer practising;
- in the second consultation, they are suggesting to increase the level of residual client account balances solicitors can donate to charity without applying for permission from £50 to £500.
The deadline for responses to both consultations is 26 May 2014.
To take part or to find out more, visit sra.org.uk/consultations