Are there conditions imposed on the rule-making power of the SRA?
Yes, the Law Society has imposed conditions relating to consultation and notification. In addition the impact to the regulated community of any rules proposed by the SRA must be assessed. The Law Society will also ensure that the SRA complies with the requirements of the Legal Services Board. As the Legal Services Board has the power to issue directions and impose fines on the Law Society, not the Solicitors Regulation Authority, the Law Society needs appropriate supervisory powers over the SRA.
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