Deadline for receipt of responses: Friday 12 May
The Council for Licensed Conveyancer’s (CLC) intent in reviewing its Regulatory Arrangements is to identify opportunities to reduce the regulatory burden on the profession and to make changes to foster innovation and competition in the legal services market, provided they can be assured that the changes impact positively on the interests of consumers.
The CLC’s 2011 Handbook was a significant first step towards a principles based and outcomes focused approach to regulation. Acknowledging the stretch expected of the CLC profession and given the rapid changes then anticipated within the broader legal market, the CLC committed to a further review of its Regulatory Arrangements in five years (i.e. in 2016/2017) to identify what further changes (if any) should be made.
Our aim is that the review of Regulatory Arrangements will be completed in its entirety by July 2017, with any changes coming into force in January 2018.
Whilst ensuring that appropriate levels of consumer protection are maintained the CLC’s objective in reviewing the Accounts Code is to:
The CLC proposes to:-
During the Consultation Period the CLC will engage with the profession, with consumer representatives, and seek the views of other stakeholders.