The Deregulation Bill: reducing standards?
The government is debating the proposals to the Deregulation Bill. Although the bill is generally supported, there is one controversial clause (Clause 9), which will introduce partial licences for insolvency practitioners (IPs). Currently, IPs must train and pass exams covering both corporate and personal insolvency to become qualified. Under the new proposals in the bill, IPs would be able to train in personal or corporate insolvency and then only practise in their respective field.
The government has introduced the new measures to try to increase competition and to reduce bureaucracy in the market. However, the response is mixed, including some scathing criticism revolving around the core of the measures’ aim and the adverse effect on competition and smaller practices…
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UK banks are now required to ring-fence their retail activities from wholesale and investment banking by protecting the provision of core banking services to retail and SME depositors.
Currently, users of the Companies House portal are required to pay to view and download certain company documents.
Analysis from The Lawyer
The Law Society recently published guidance to assist solicitors draw up Shariah-compliant wills, causing outrage in some quarters. Gateley’s Haroon Rashid explains the facts.