Regulatory

The SRA has announced the publication of a range of new guidance covering the financial sanctions regime, immigration work and effective supervision. It has also issued a warning notice on involvement in strategic lawsuits against public participation (SLAPPs).

The Law Commission has launched a call for evidence on decentralised autonomous organisations (DAOs)—a type of organisation typically reliant on blockchain systems that are increasingly important in crypto-markets.

Solicitors have not been offered adequate safeguards since the Solicitors Regulatory Authority (SRA) took over professional misconduct fines in the summer, the Law Society has warned.

NLJ columnist Roger Smith, former director of JUSTICE, looks at the area of third-party litigation funding in this week’s issue. It’s an area that has been subject to rapid change, now providing funding to the tune of more than £2bn.

It’s time to acknowledge that law, justice & the courts are being commoditised, says Roger Smith

Regulators made 163 visits to law firms in connection with suspected anti-money laundering breaches last year, the Solicitors Regulation Authority (SRA) has reported.

The Legal Services Board (LSB) has set out its proposed regulatory performance framework, due to take effect on 1 January 2023. 

Is the approach to litigation funding in England & Wales ‘soft’, & is regulation on its way? Jason Woodland & Caroline Timoney investigate

The Law Society has reported that it has some concerns as to how effective the Solicitors Regulation Authority's (SRA) additional powers, which came about as a result of the government's proposal to remove the statutory cap on financial penalties the SRA can impose under the Economic Crime and Corporate Transparency Bill, will be in tackling economic crime.