The FCA is expected to consult on capital adequacy rules for financial advisers in the next few months. Last year it delayed the introduction of new rules until December 2015 after questioning its own approach. Under the current rules firms…read more
FCA consults on complaints process
The way complaints against the Financial Conduct Authority (FCA) are handled is set to change. The FCA, Prudential Regulation Authority and Bank of England have launched a review into their complaints procedures as a result of new legislation. All three…read more
Cross-industry group act to reduce risk of commercial valuations
CROSS-INDUSTRY GROUP ACTS TO REDUCE RISK OF COMMERCIAL VALUATIONS. PUBLISHED APRIL 2015 A new forum aims to reduce the risk of commercial property valuations. The Cross-Industry Commercial Valuation Forum (CICVF) has been set up by the British Bankers Association (BBA),…read more
Solicitors must adhere to court deadlines to defend negligence claims
A solicitor who failed to comply with a judge’s order to provide documents to the court has been refused permission to appeal. The case highlights the importance of professionals meeting all court deadlines if they are to successfully defend themselves….read more
“Ebay Justice” proposed by the Civil Justice Council
Council is advocating that HM Courts and Tribunals Service introduces a new internet-based Online Dispute Resolution service (ODR) for civil claims under £25,000. The new ‘HM Online Court’ would aim to achieve early resolution of disputes through ‘facilitators’. If this…read more
