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SRA Chair responds to claims that authority is to blame for ABS delay

The Chair of the Solicitors Regulation Authority has responded to comments relating to the delay in the SRA becoming an approved regulator of alternative business structures (ABS).

Charles Plant said:

"It is important to set the record straight. The suggestion that the delay in the introduction of SRA-licensed ABS is attributable to the SRA is simply wrong.

"On the two issues which have been cited as a cause for the delay—the mechanism for appeals against SRA decisions, and the provision to exempt owners and managers from the Rehabilitation of Offenders Act—the SRA's position has been established and public for a long period, and has not changed. We delivered our proposals for ABS licensing to schedule.

"We share the frustration of potential ABS applicants about the delay in implementation, and are working with the Legal Services Board and Ministry of Justice to get early clarity about the parliamentary timetable—a matter which we do not control."  

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