ICAEW applications to become an Approved Regulator and Licensing Authority for Probate Activities
Status (7 March 2014):
The LSB has now made its decision and has sent the recommendations to the Lord Chancellor:
- Recommendations to the Lord Chancellor
- Decision notice from Lord Chancellor (approved regulator)
- Decision notice from Lord Chancellor (licensing authority)
14 December 2012 to 14 December 2013
Schedule 4, 15(2) and 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 4, 15(4) and Schedule 10, 13(4)).
On 10 May 2013 the Law Society submitted a letter to the LSB setting out its views on the application. The ICAEW were invited to comment on the letter and did so on 11 June 2013.
Advice received from the mandatory consultees:
Advice received from the selected consultees:
On 1 July 2013 the ICAEW submitted a letter and document setting out minor amendments to their application:
The LSB elected to seek further advice from the LSCP as some of the amendments related to the proposed client protection arrangements. The LSCP’s supplementary advice was received on 19 July 2013.
On 25 September 2013, we received written representations to each of the advices provided to the LSB
On 14 November 2013, the ICAEW wrote to the LSB indicating changes to their applications in relation to the appeals body to be in place to hear and determine appeals against probate decisions.
The LSB is granting the applications.