Legal Services. Contents

INTRODUCTION

Chapter 1. REGULATORY FUNCTIONS OF THE SRA

Overview

Supervision Of Legal Service Providers

2.1 Exclusive Legal Tasks

2.2 Mandatory Professional Indemnity Insurance

CHAPTER 2. FINANCING LEGAL SERVICES

Financing Non-Litigious Affairs

1.1 Engagement Terms And Private Funding

1.2 Fixed-Fee Arrangements

Financing Litigation

2.1 Litigation Funding Alternatives

CHAPTER 3. THE EQUALITY ACT 2010

The Impact On Legal Services Delivery

Eradicating Discrimination In Employment

2.1 Ban On Direct Discrimination

2.2 Ban On Indirect Discrimination

2.3 Rationale For Direct And Indirect Discrimination.

Equality In Service Provision

Obligation To Make Reasonable Adjustments

Chapter 4. MONEY LAUNDERING

Overview

Phases Of Money Laundering

2.1 Initiation Of Money Laundering: Placement

2.2 Concealment Phase: Layering

2.3 Legitimization Phase: Integration

2.4 Exemplifying Money Laundering

Direct Involvement In Money Laundering Offences Under Poca

3.1 Overview

3.2 The Offence Of Concealing Under Poca

3.2 Defining The Offence Of Concealing In Money Laundering

3.3 The Offence Of Arrangement Under Poca

3.4 Offence Of Acquisition, Use, Or Possession

Offences Of Indirect Involvement In Money Laundering

4.1 Duty To Report

4.2 Avoiding Tipping Off Offences

4.3 Impacting An Investigation: Legal Considerations

Understanding The Money Laundering Regulations 2017

5.1 Range And Relevance

5.2 The Role Of A Money Laundering Reporting Officer (Mlro)

5.3 Implementation Of Customer Due Diligence (Cdd)

5.4 Requirements For Recordkeeping

5.5 Employee Training Requirements

5.6 Guidelines From The Sra For Regulatory Compliance

Chapter 5. FINANCIAL SERVICES

Overview

Key Players In Uk Financial Regulation

2.1 The Bank Of England And The Prudential Regulation Authority

2.2 Role Of The Financial Conduct Authority

Overview Of The General Prohibition And Regulated Activities

3.1 Defining Regulated Activities For Solicitors

3.2 Categories Of Regulated Investments

3.3 Scope Of Regulation In A Business Context

3.4 Key Exclusions In The Regulated Activities Order

3.5 Incidental Financial Services By Members Of Designated Professional Bodies

3.6 Handling Insurance Distribution Activities

CONCLUSION

REFERENCES

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