The SRA’s tough new approach to regulation is too intrusive, says David Mayhew

It will not have escaped your attention that the regulator is in a very busy phase of activity: seven Consultation Papers with response deadlines in March or April 2008 and a further three for June and July; policy statements on settlements in and publication of regulatory and disciplinary decisions; a strategy statement and so on. What does this tell us about the new world ushered in by the Legal Services Act 2007?

Risk-based approach

The SRA has emphasised it is adopting “a risk-based approach to regulation“. This represents a paradigm shift in regulatory intent: from reactive (relying on complaints as the mechanism for identifying problems) to proactive (monitoring the regulated activities to identify potential threats to...

Jean Yves

IICJ

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