Looking to the future: next steps in developing our regulation

Slides:

Advertisements

Similar presentations

Health and Safety Executive Health and Safety Executive CDM Revised Regulatory Package Update.

Advertisements

Company Law Consultants and Company Secretaries. Who are we? David Venus & Company LLP are the leading independent firm of chartered secretaries Established.

Regulators’ Compliance Code Zoë Dayan Secondee Ministry of Economy, Lithuania.

Review of industry code governance 26 March 2010.

THE PUBLIC SECTOR EQUALITY DUTY: PRACTICAL STRATEGIES IN A SPECIFIC CASE Louise Whitfield Pierce Glynn 19 January 2012.

Learning Intentions First: Review CC case studies Students will be able to: Define Policy & Procedure Identify business environment pressures on policy.

1 CS38010 Professional Issues Health and Safety at Work.

Strategy Development Update July Council Catherine Dixon Chief Executive.

RCN Safety Representatives’ Conference Health Care – the way forward. Rosalind Roberts – Head of Delivery, Health and Work Division, Health and Safety.

1 TDG GENERAL POLICY ADVISORY COMMITTEE 14 June, 2005 Ottawa, ON Agenda Item No. 9 TDG FEDERAL TICKETING INITIATIVE 1.

Conflicts for COLPs and COFAs Peter Scott Consulting

The emerging regulatory model SSRG Annual Workshop, 21 April 2009 Alan Rosenbach, Head of Strategy and Innovation.

Countries approached to Reform: Cases From Different Reformers – United Kingdom Donald Macrae, WBG Consultant Inspection Reform Conference, Amman, 3 June.

Consolidation and Review of Financial Services Legislation (“ CAROL ”) Jane D N Bates Head of Policy and Legal Unit Financial Supervision Commission 21.

RIA: Communication – building credibility Aleš Pecka Department of Regulatory Reform and Public Administration Quality Ministry of Interior, Czech Republic.

Special Railways Phase III Proposed approach to regulatory changes Jakarta 16 May 2011.

4. Solvency II update Catherine Beech 9 October

Environmental Permitting Programme – Phase 2 (EPP2) Joint Defra, Environment Agency, WAG programme First phase (EPP1) streamlined and simplified PPC and.

Session 1 An introduction to compliance. 1 Contents The compliance maze OFR and SRA Handbook Cost of compliance COLP and COFA Compliance arrangements.

1 PARCC Data Privacy & Security Policy December 2013.

Session 12 Information management and security. 1 Contents Part 1: Introduction Part 2: Legal and regulatory responsibilities Part 3: Our Procedures Part.

The new BSB Handbook: New opportunities and ways of working 22 June 2013 By Dr Vanessa Davies Director, BSB.

Regulatory framework Julie Swan Associate Director, Regulatory Policy and Vocational Qualification Policy.

The SRA and small firms Our Support for Small Firms Robert Loughlin – Executive Director Patrick Reeve – Regulatory Consultant.

Update on USS Pension Fund Staff Presentations 26 th November December 2014 Will Spinks Registrar, Secretary and Chief Operating Officer.

A proportionate approach to protecting client money Annette Lovell, Carol Westrop, Sophie Howard.

Protecting client money Carol Westrop, Head of Legal Policy Amanda Norton, Regulatory Manager Sean Hankin, Investigation Team Manager.

Trust and the market: Rethinking regulation. Rethinking regulation Paul Philip SRA Chief Executive.

A new approach to continuing competence. Why we regulate The purpose of our regulation is to: protect consumers of legal services support the operation.

Regulatory Updates Health Sciences Authority Singapore

Objectives Share our early thinking on regulatory reform

Continuing Competence is coming

Looking to the future.

Small firms: developing your business Robert Loughlin Rachel Lewis

General Data Protection Regulations and the IoT

RIA: Communication – building credibility

The experience of the UK in implementing the Unfair Commercial Practices Directive Andrew Hadley Office of Fair Trading United Kingdom.

Solicitors Qualifying Examination

Kantara Consent Receipt

Getting it right for every child and information sharing

Solicitors Qualifying Examination Reference Group – 3 November 2017

Solicitors Qualifying Examination Reference Group – 3 November 2017

Structure of the Code Don Thomson, Task Force Chair IESBA Meeting

Generic Overview Presentation

Solicitors Qualifying Examination (SQE)

Policy Dialogue on Corporate Governance in China

Cohesion Policy Information and Communication rules The state of play

Ethics and Governance Governance 2.

The Public Sector Equality Duty

IAEA General Conference Regulatory Cooperation Forum Regulatory Approach Prescriptive vs Performance Based David Senior Executive Director -

Aquatic Facility Regulation and Guidance Reviews

Looking to the Future: completing SRA reforms of regulation

Structure–Feedback on Structure ED-2 and Task Force Proposals

Paris, 27&28 October 2015.

Our reforms - opportunities for you and your firm to work differently

Review of Part C Helene Agélii, Task Force Chair IESBA Meeting

what it means for you and your firm

Solicitors Qualifying Examination: why and what

Juliet Oliver, General Counsel

CIPFA PROFESSIONAL UPDATE CIPFA Europe Seminar 7th November 2018 Don Peebles Head of CIPFA Policy & Technical UK.

Structure of the Code Don Thomson, Task Force Chair IESBA CAG Meeting

Unlocking Children’s Rights

The Public Sector Equality Duty

ALIA National 2014 Conference

Procurement Reform Bill & New EU Procurement Directives

OECD good practices for setting up an RIA system Regional Capacity-Building Seminar on Regulatory Impact Assessment Istanbul, Turkey 20 November 2007.

Stakeholder Engagement: Webinar Part I: The Regulatory Development Process for the Government of Canada Part II: Making Technical Regulations Under.

The new SRA Standards and Regulations and the non-commercial sector

Our transparency rules: update on implementation

Our new Standards and Regulations: what they mean for your firm

Presentation transcript:

Looking to the future: next steps in developing our regulation Crispin Passmore, SRA Executive Director, Policy (Chair) Chris Handford, SRA Director of Regulatory Policy Carol Westrop, SRA Head of Legal Policy

Regulating in the public interest The purpose of our regulation is to: protect consumers of legal services; and support the operation of the rule of law and the proper administration of justice. SRA Policy Statement, November 2015

Why we are doing this? Current Handbook > 400 pages New Handbook ≈ 100 pages

What have we decided?

How have we listened? 10,000 people have engaged so far Definition of client money Drafting of Principles and Codes Toolkit and guidance survey Joint working on key issues

What are the aims of phase 2? Review our rules and make them clearer Reduce unnecessary bureaucracy Implement phase one decisions

What does Phase 2 cover? A new, coherent structure Updating all of our rules New glossary Proportionate approach to character & suitability Not PII & Compensation Fund

Approach to Enforcement Question of Trust campaign New disciplinary rules Sanctions and controls Guidance and toolkits When to report a breach

How will the changes affect you? Opportunities Freelancers Non-reserved services 3 year rule Easier to make changes Streamlining manager approvals Deeming of other non-legal professionals

What should you do next? Our consultation is open Annex 1 explains new Handbook structure Short summary of the changes No changes before end of 2018 (earliest) SRA Innovate www.sra.org.uk/innovate

Support and guidance New guidance – focused on changes Review of what we have now Helps to support compliance Not rules in disguise Non-SRA guidance, e.g. TLS

What will it look like? User friendly and accessible Allow you to use your judgment Practical, real life examples Checklists, decision trees

Your questions?

Questions so far (1) When should a breach be reported? How will the SRA enforce? Can you enforce against all solicitors? Compliance changes? Consumer protections?

Questions so far (2) How will we regulate overseas practice? How will we help consumers to make informed choices? What are we doing to regulate legal tech?

Next Steps Consultation closes 20 December Final rules mid 2018 Period for transition/preparation New rules in force no earlier than late 2018