Approved Regulator:
The Association of Chartered Certified Accountants (ACCA)
Application:
Application to LSB for cancellation of designation as an approved regulator under section 45(3) of the Legal Services Act 2007
Status (01 March 2024)
The LSB has now made its decision and has sent the recommendation to the Lord Chancellor:
Recommendation to the Lord Chancellor
Decision of the Lord Chancellor
The Legal Services Act 2007 (Approved Regulator) Order 2024
Decision Period:
22 October 2021 to 27 July 2022
Schedule 10, 13(1) of the Legal Services Act requires that the LSB must give a decision on an application being made to the Board. This can be extended to no more than 16 months (Schedule 10, 13(4)).
Links to relevant documents:
Application [PDF]
Appendix 1 [PDF]
Appendix 2 [PDF]
Appendix 3 [PDF]
Appendix 4 [PDF]
Appendix 5 [PDF]
Appendix 6 [PDF]
LSB Analysis [PDF]
Milestones:
A decision was made to refuse the ACCA’s associated application for alterations to its regulatory arrangements. The decision was issued on 17 January 2022 and can be found here.
A decision was made to approve a revised application from the ACCA for alterations to its regulatory arrangements. The decision was issued on 19 May 2022 and can be found here.