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Explore the regulatory landscape by Council for Licensed Conveyancers, focusing on the Legal Services Act 2007, fraud prevention, and risk management in the conveyancing sector. Gain valuable perspectives on managing risks, financial viability, and upcoming changes.
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View from the Regulator John E Jones Council Member Council for Licensed Conveyancers 2ND July 2014
The Regulated Community 216 entities Over 2000 individuals Over 650 students in pipeline
Continued change Legal Services Act 2007 Stalled liberalisation? New powers for the CLC
Fraud and risk Non-payment of SDLT Financial viability Holistic view of practices
Lenders’ panels Understandably lenders want to manage risks This must be done: • Fairly • Effectively • Without restraint on trade/double regulation
Managing boom and bust What did we see after 2007 What happens when the bubble bursts this time?
Questions CEO@clc-uk.org @CLConveyancers