SRA's latest Business Plan continues good work
Solicitors Regulation Authority
The SRA has today published its latest Business Plan, setting out how it will build upon the progress made in the last 12 months.
The plan, approved by the SRA Board at its meeting today (2 December), includes details on the review of its regulatory approach and Handbook, progressing work on the holding of client money, and developing assessments for solicitors and entrants into the profession. The SRA will also monitor the impact of the changes it makes and review the fees it charges as well as the levies it makes for practising certificates.
The SRA will continue to engage with the profession, consumers and other key partners. The Business Plan itself will be under constant review, allowing the SRA to adapt over the next 12 months in response to any changes in the sector.
Richard Collins, SRA Executive Director for Strategic Planning and Performance, said: "Last week, we set out our vision of the future, and how we will reform our approach to regulation over the coming 18 months, helping law firms and protecting the public. The Business Plan completes the picture in terms of our continuing improvement, setting out exactly what we will do to be an ever more efficient and effective organisation."
Other actions in the Business Plan 2015/16 include:
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Producing clearer guidance for decision making
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Implementing the Quality Assurance Scheme for Advocates
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Delivering changes for consumer credit regulation
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Requiring solicitors to move to the new regime of continuing competence
