Professor Stephen Mayson’s ‘Reforming Legal Services: Regulation beyond the echo chambers’ report has now been submitted to the Lord Chancellor as the final product of a two-year independent review into the regulation of legal services in England and Wales.
In this case the High Court considered the issue of whether the General Medical Council (GMC) could investigate the conduct of a doctor even though the conduct related to the Registrant’s work in his role as a solicitor.
Following a number of high-profile corporate collapses in the last few years, audit quality has been the subject of intense regulatory focus. In recent times, significant changes to audit regulation were proposed by Sir John Kingman; the CMA made recommendations around ‘operational split’; and, late last year, Sir Donald Brydon endorsed the CMA’s suggested approach in recommending the formation of a separate audit industry with its own governing principles.
In September 2017, the Care Quality Commission (“CQC”) was informed by Portsmouth City Council about a care home, Golden Years, which had been operating since 2 March 2015. The CQC contacted Golden Years about not being registered from October 2017 to September 2019. Golden Years’ directors made several attempts to register with the CQC, however each application was rejected as the required standards had not been met.
Following the Court of Appeal decision in Sports Direct International Plc and The Financial Reporting Council  EWCA Civ 177 (which we discussed here), a recent High Court decision provides further guidance on legal professional privilege and its application in Financial Reporting Council (FRC) proceedings.