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Regulatory Blog

19 December 2022

A regulatory wish-list

Only 9 sleeps until Christmas, and the Christmas party season is in full swing. It goes without saying that with the disruption and unprecedented difficulties we all faced with the Covid-19 pandemic, and the challenging times we continue to find ourselves in, this festive period is a welcome opportunity for many to re-connect and, frankly, switch off from the pressures and worries of current everyday life.

15 December 2022

The FRC focuses on mid-tier firms with a new annual report and increased support measures

The Financial Reporting Council (FRC) has published, for the first time since it became the UK Competent Authority for statutory audit in the UK, a separate audit quality inspection and supervision report for Tier 2 and Tier 3 audit firms, along with plans to establish greater support for these smaller firms

Julie Matheson

9 December 2022

Unlimited SRA fines on the horizon

The government is on a path to introduce legislation that will enable the Solicitors Regulation Authority to take greater action against the ‘facilitators’ of money laundering; law firms will soon need to brace themselves for unlimited fines from the SRA for ‘economic crimes’.

Julie Norris

2 December 2022

Baseless complaints: beware disclosure

The furore surrounding the Bar Standards Board’s closure of a complaint made against Dinah Rose KC raises a critically important issue for consideration by practitioners who, following an accusation of wrongdoing, are subsequently informed that the complaint was baseless (or at least not sufficient to cross the threshold for investigation).

Julie Norris

29 November 2022

SRA issues Warning Notice on Strategic Lawsuits against Public Participation

Strategic lawsuits against public participation (SLAPPs) are legal actions that are taken not necessarily with the goal of winning in court, but which instead aim to intimidate, to induce fear, to tire and consume the financial and psychological resources of the target.

Julie Norris

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