CLC respond to the SRA consultation on PII

CLC respond to the SRA consultation on PII

 

Director of External Relations at the CLC, Stephen Ward, shares his thoughts on the latest consultation and welcomes the proposed changes.

In response to the latest announcement from the Solicitors Regulation Authority (SRA) regarding a consultation on a proposal to change the rules on professional indemnity insurance (PII) when switching regulators, Stephen Ward, Director of External Relations at the Council for Licensed Conveyancers (CLC) said:

“The CLC very much welcomes today’s announcement by the SRA that it is consulting on removing obstacles to firms choosing the most appropriate regulator for their business. The barrier put in place by aspects of professional indemnity requirements for firms leaving SRA regulation but continuing to trade under a different regulatory regime have had an anti-competitive effect and hindered the ability of specialist law firms to innovate. We hope that this issue will be settled quickly following the end of the consultation period.”

This article was submitted to be published by Council for Licensed Conveyancers as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.

The Council for Licensed Conveyancers

http://www.clc-uk.org/

A history of innovation in specialisation

The Council for Licensed Conveyancers was established in 1985 to foster competition and innovation in the conveyancing market. 30 years on we are still helping legal businesses thrive by finding new ways to meet changing customer expectation.

Our approach is to support firms to achieve compliance and to accommodate different ways of working where we can. Our experience as a specialist regulator of conveyancing and probate allows us to tailor our regulation to those areas of property law.

The Legal Services Board’s recent report on regulatory standards gave the CLC the highest overall rating of any frontline regulator and an independent report by IFF (a research company) found that three quarters of licensed conveyancers believe that regulation by the CLC provides value for money and supports innovation and growth in their business.


Contact: Stephen Ward

Tel: 0207 250 8465

Email: [email protected]

Address
Council for Licensed Conveyancers
CAN Mezzanine
49 – 51 East Road
London
N1 6AH

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