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Published byRose Mosley Modified over 9 years ago
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Sheila Kumar Chief Executive Council for Licensed Conveyancers
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The Council for Licensed Conveyancers Protecting the public interest Providing consumer choice Promoting effective competition
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CLC has fostered Better regulation Better value for money for consumers Better service
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An evolving market Very fragmented Some firms poised for rapid growth Competition hotting up
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Not just a policeman Understand economic pressures Want to assist compliance, not catch people out Want to support good business decisions
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Our strategy Concentrating on strengths Specialist regulator of specialist lawyers Improving the regulatory framework to support innovation and growth
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Referral Fees Undertook thorough review No regulatory case for a ban Increased transparency
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Lenders Panels Plethora of overlapping schemes Lack of clarity from lenders Double regulation
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What’s the impact of what’s going on? Adds quasi-regulatory burdens Removes consumer choice Stifles innovation, competition and growth, skewing the market
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What lenders tell us Lenders have confidence in our regulation LCs have high standards of fraud prevention Concerned about workloads in a rising market
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My hope Work together to tackle fraud Regulate once and cleanly Support consumer choice, innovation and growth
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Keep in touch LinkedIn, Twitter (@CLConveyancers) CEO@clc-uk.org
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