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The BSB published on 27 September its third consultation on the implications for the Bar of the Legal Services Act 2007.
The consultation will ask respondents whether or not it is in the public interest for the BSB to become an entity regulator, as well as a regulator of individual barristers. The entities which the paper will consider include barrister only entities, legal disciplinary practices and alternative business structures, all of which would be firms supplying reserved legal services. The consultation puts forward a number of provisional policy positions, to help inform respondents. It discusses a number of regulatory issues which would need to be addressed if the BSB decided to regulate entities, including what services entities should be permitted to provide, including how payments for services would be made, and how entities would be managed and owned. The issues in the consultation could have profound implications for the Bar and for the public, and they may also substantially change the nature and remit of the BSB. We therefore urge all members of the Bar to take part in this consultation exercise.
View consultation at: www.barstandardsboard.org.uk/
consultations/OpenConsultations/regulatingentities/
The consultation will ask respondents whether or not it is in the public interest for the BSB to become an entity regulator, as well as a regulator of individual barristers. The entities which the paper will consider include barrister only entities, legal disciplinary practices and alternative business structures, all of which would be firms supplying reserved legal services. The consultation puts forward a number of provisional policy positions, to help inform respondents. It discusses a number of regulatory issues which would need to be addressed if the BSB decided to regulate entities, including what services entities should be permitted to provide, including how payments for services would be made, and how entities would be managed and owned. The issues in the consultation could have profound implications for the Bar and for the public, and they may also substantially change the nature and remit of the BSB. We therefore urge all members of the Bar to take part in this consultation exercise.
View consultation at: www.barstandardsboard.org.uk/
consultations/OpenConsultations/regulatingentities/
The BSB published on 27 September its third consultation on the implications for the Bar of the Legal Services Act 2007.
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