RegulationPractice RegulationICAEW applies to regulate further reserved legal services

ICAEW applies to regulate further reserved legal services

ICAEW has applied to become an approved regulator and licensing authority for five reserved legal activities, restricted in three of them to the area of taxation

ICAEW applies to regulate further reserved legal services

ICAEW has applied to become an approved regulator and licensing authority for five reserved legal activities, restricted in three of them to the area of taxation.

Following a public consultation, the institute has applied to the Legal Services Board to become a regulator licencing authority for notarial services and administrations of oaths, and – restricted to taxation services only for conduct of litigation, rights of audience and reserved instrument activities.

The move follows ICAEW becoming an approved regulator and licensing authority for probate in 2014.

The Legal Services Act 2007 opened up the provision of reserved legal services to competition and practitioners, other than lawyers, can apply to provide reserved legal services.

Duncan Wiggetts, ICAEW executive director of professional standards, said: “As an experienced regulator I am confident ICAEW will ensure its members and firms provide excellent reserved legal services to the public.

“The application follows the successful authorisation and licensing for probate by ICAEW and promotes the Act’s objectives of widening consumer choice in the legal services market and of protecting the consumer through effective regulation.”

Earlier this year, ICAEW fined and severely reprimanded one of its members after it discovered the individual had wrongly undertaken probate activities.

A decision on ICAEW’s application is expected within 12 months. Further information can be found at www.icaew.com/reservedlegalservices 

Related Articles

Treasury Select Committee report released on Making Tax Digital

Accounting Standards Treasury Select Committee report released on Making Tax Digital

10m Stephanie Wix, Writer
ICAEW study finds concerns over government's industrial strategy

Institutes ICAEW study finds concerns over government's industrial strategy

1y Richard Crump, Writer
Finance Act reflects scale of legislative burden for business, says ICAEW

Institutes Finance Act reflects scale of legislative burden for business, says ICAEW

1y Stephanie Wix, Writer
Comms chief quits ICAEW for ACCA

Institutes Comms chief quits ICAEW for ACCA

1y Kevin Reed, Writer
Dr Hilary Lindsay named new chairman for CCAB

Institutes Dr Hilary Lindsay named new chairman for CCAB

1y Richard Crump, Writer
Why are student numbers among the professional accountancy institutes declining?

Institutes Why are student numbers among the professional accountancy institutes declining?

1y Simon Wright
Pass rate improves in latest ACCA exam results

Institutes Pass rate improves in latest ACCA exam results

1y Richard Crump, Writer
Record number of ACA students pass ICAEW exam

Institutes Record number of ACA students pass ICAEW exam

1y Richard Crump, Writer