1. Simon Law – Society of Licensed Conveyancers
Regulation & Compliance: A Professional Bodies View

2. Society of Licensed Conveyancers
THE SLC Established in 1989
To represent its members
Completely separate from the Council for Licensed Conveyancers
Society of Licensed Conveyancers

3. Society of Licensed Conveyancers
What We Offer
Range of Member Benefits
Free CPD throughout the year
Annual Conference
Quarterly newsletter
Access to client guides
Affiliation schemes with partner supplies and professionals
Society of Licensed Conveyancers

4. Society of Licensed Conveyancers
THE CLC/SLC V SRA/Law Society
CLC and SLC Completely Separate
CLC bound by Statue to regulatory objectives under the Legal Services Act 2007
CLC does not have a representative function
Society of Licensed Conveyancers

5. Society of Licensed Conveyancers
THE CLC/SLC V SRA/Law Society
SLC is NOT mandatory for Licensed Conveyancers
SLC Board Members are not paid by the SLC
SLC Board is comprised of both LC Managers and employed LC’s
Society of Licensed Conveyancers

6. Society of Licensed Conveyancers
THE CLC/SLC V SRA/Law Society
SRA and Law Soc linked under the Law Society Group
One Fee paid to SRA
Effectively membership to Law Society is compulsory
Society of Licensed Conveyancers

7. Society of Licensed Conveyancers
THE CLC/SLC V SRA/Law Society
Current tensions between SRA and Law Society over the consultation to remove the requirement for run off cover when changing Regulator.
Society of Licensed Conveyancers

8. Society of Licensed Conveyancers
Regulation By The CLC
Activities include:
Setting standards for entry in to the profession
Issuing licences
Regulation, conduct and discipline
Monitoring regulated bodies
Investigating allegations of misconduct
Society of Licensed Conveyancers

9. Society of Licensed Conveyancers
Regulation By The CLC
The CLC over the last 30 has
Specialist Regulator
Regulation through a culture of assisted compliance
Evolved over the years and continues to update itself with the recent change in indemnity insurance provisions just one example.
Society of Licensed Conveyancers

10. Society of Licensed Conveyancers
The Future of Regulation
The following areas need to be kept at the forefront of all regulators objectives:
Cost of regulation
Ease of understanding and compliance
Watering down current handbooks and rules is not in the best interest of consumers.
Accounts rules should ensure clear compliance
Regulators must allow the seamless transition from one regulator to another.
Society of Licensed Conveyancers