Closed consultations

Consultations that have closed are listed below. When they are available, summaries and analyses of responses and policy decision announcements are included. For details, please follow the links.

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Introduction of a minimum financial strength rating requirement for Participating Insurers

We seek your views on our proposal to introduce a minimum financial strength rating requirement in the 'B's as part of the criteria for an insurer to become a Participating Insurer for the purposes of our compulsory client financial protection arrangements. This proposal is our response to problems that have been created for consumers and firms as a consequence of unrated insurers getting into financial difficulties.
  • Start — 28 January 2014
  • End — 24 March 2014
  • Status — CLOSED, report on responses available

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Training for Tomorrow: Regulation review

This consultation sets out proposals for removing unnecessary prescription about how the stages of qualification as a solicitor should be completed and related requirements that do not serve a clear regulatory purpose.

  • Start — 3 December 2013
  • End — 25 February 2014
  • Status — CLOSED, report on responses available

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Proposal to increase the SRA's internal fining powers

Effective, consistent and proportionate use of enforcement powers, including imposing fines, plays a vital role in ensuring a credible deterrence against unacceptable behaviours and furthers the regulatory objectives and professional principles in the Legal Services Act 2007. In this consultation, we invite views on a proposal to increase the current level of our fining powers for 'traditional' law firms from their current level of £2,000.

  • Start — 20 November 2013
  • End — 7 February 2014
  • Status — CLOSED, Report on responses available

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File retention following an intervention into a firm

We consulted on proposed changes to how long the SRA keeps files following an intervention into a firm and/or an individual's practice. Under the current practice, the SRA is required to retain substantial quantities of client files for very long periods, at considerable cost. This cost is passed on to those we regulate and, in turn, to consumers. The SRA considers that these costs could be reduced without significant detriment.

  • Start — 14 October 2013
  • End — 9 December 2013
  • Status — CLOSED, Report on responses available

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Red Tape Initiative - Phase 2: Removing unnecessary regulations and simplifying processes

The Red Tape Initiative is continuing the work of simplifying regulations and removing unnecessary processes. In phase two we invite you to comment on our plans to simplify the practising certificate renewal process and reduce the reporting obligations for COLPs and COFAs.

  • Start — 26 April 2013
  • End — 28 June 2013
  • Status — CLOSED, report on responses available

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SRA Consultation on New Overseas Rules

This consultation contains the changes we propose to make to the SRA Handbook on 'Practising Overseas' following our previous consultation on a first draft of proposed rules.
  • Start — 20 May 2013
  • End — 25 June 2013
  • Status — CLOSED

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Exercising the statutory power to pay the cost of firm interventions from the Compensation Fund

We invite you to comment on the SRA's plans to meet the costs of interventions from the Compensation Fund, utilising a statutory power granted in the Solicitors Act 1974 (as amended).

  • Start — 3 May 2013
  • End — 31 May 2013
  • Status — CLOSED, analysis of responses available

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Indicative guidance on financial penalties

This consultation seeks views on the SRA's proposed guidance on the level of fine to impose in disciplinary matters.

  • Start — 25 January 2013
  • End — 19 April 2013
  • Status — CLOSED, analysis of responses available

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