Law firms may be required to notify the SRA when planning M&A activity
Plans for law firms to notify the Solicitors Regulation Authority (SRA) when proposed merger and acquisition activity is to take place are being consulted on by the regulator in the next phase of its work on client money, and consumer protection. Picking up on the work already done around requiring law firms to provide more […]
Treasury publishes response to consultation on transferring AML supervision to FCA
HM Treasury has published its consultation response to the transfer of anti-money laundering (AML) supervision to the Financial Conduct Authority (FCA). Announced as part of a “blitz on pointless admin” by chancellor Rachel Reeves, the FCA is to become the single professional services supervisor (SPSS) for AML by 2029. Much of the current expectations on […]