16th October - Law News

1025th Edition: LawNewsIndex is a UK based Law, Justice, Legislation & Rights related daily news & legal articles archive brought to you by TheLawMap

FOCUS OF THE DAY: SRA proposes consumer credit firms seek authorisation from FCA. Regulator calls for solicitors to provide evidence in new consultation. Law firms that conduct consumer credit work may have to be authorised by the Financial Conduct Authority (FCA) under new proposals laid out by the SRA. Regulation for consumer credit work passed from the Office of Fair Trading (OFT) to the FCA in April. Under the OFT regime, solicitors were regulated under a group licence given to the Law Society and managed by the SRA. Full story - Solicitors Journal

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