Consultation on statutory guidance on economic crime
We consulted on a draft statutory guidance ‘Guidance for New Regulatory Objective on Economic Crime’ following a new legal duty being placed on the LSB and the legal services regulators to ‘promote the prevention and detection of economic crime’.
The consultation ran from 15 November 2024 to 7 February 2025 and responses have informed updates to the proposed guidance. We have now published our response document and a finalised guidance that underlines the important role of legal services regulators in tackling economic crime.
Economic Crime Consultation Response
Post Consultation updates to proposed Economic Crime Regulatory Objective Statutory Guidance
Statutory Guidance – Economic Crime
Consultation on policy statement on professional ethics
We consulted on a draft statement of policy on ‘Upholding Professional Ethical Duties.’ The draft statement contained a series of proposed outcomes for legal services regulators to pursue in helping legal professionals to understand and uphold their professional ethical duties.
The consultation ran from 6 March to 29 May 2025.
Responses available soon.