SRA Update

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Issue 10 – October 2009

SRA Update brings you the latest information about the work of the Solicitors Regulation Authority. It includes important news for solicitors and others working in legal services.

Renewals – practising certificates, registration, recognition

Your deadline for submitting renewal forms is 31 October 2009. We urge you to send us completed forms via DX or special delivery—in view of the postal strikes.

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Work-based learning pilot

Our work-based learning pilot reaches its halfway point.

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New Qualified Lawyers Transfer Scheme

A new transfer scheme for qualified lawyers who want to be admitted as solicitors in England and Wales could be operating by the end of 2010.

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Higher rights highlights

Changes to the higher rights of audience regulations are under consideration by the Ministry of Justice (MoJ). We recommended changes to the MoJ following three consultation exercises. Find out what they will mean for you.

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Property fraud

Property fraud comes in many guises, but it is your duty as a solicitor to be on your guard and to act swiftly if you think something is wrong. We revisit a case that shows "looking the other way" is not an option if you suspect fraud. Neither is naivety a defence.

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Corporate Regulation Project

We have appointed a Corporate Regulation Project director, who will take forward our work on firm-based regulation, the regulation of the corporate sector, and the introduction of alternative business structures.

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New research

We have commissioned research to achieve a better understanding of the over-representation of black and ethnic minority solicitors in our regulatory decisions.

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Coming soon

The launch of a comprehensive consultation on the assigned risks pool is scheduled for November.

Paying for regulation – We also plan to launch a major consultation on SRA fees in November. Find out about the preferred model for the regulatory fee and our suggested approach to the compensation fund. Learn how the changes will affect you, and read about the underlying rationale.

Subscribe to SRA consultation alerts

Anti-money laundering conference

The Serious Organised Crime Agency (SOCA) is hosting a free, one-day conference on 24 November, in London, for small and medium-sized businesses that wish to learn how to safeguard themselves against serious organised crime and money laundering.

For details, visit www.soca.gov.uk.

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