Last updated 11 October 2013
We are an open and fair regulator and want to work with those providing legal services to ensure the Code of Conduct is adhered to and therefore achieve the best outcomes for clients. We received numerous requests from those who would be affected by the ban to see if certain business models would be compliant or not.
We do not intend to provide regulated persons with 'pre-approval' of business models. Regulated persons should be able to determine from LASPO itself the arrangements which will be prohibited and the risks associated with entering into referral arrangements.
We have, however, produced our own interpretation and analysis of the relevant provisions of LASPO and how these might affect various kinds of arrangements.
As we and firms learn more about the impacts of the ban, an archive of case studies will be created to share experiences and hopefully provide further clarity.