SRA slams suggestions it is responsible for ABS delay
The Solicitors Regulation Authority (SRA) has hit out at the assertion that it was responsible for the delay in the authority becoming an approved regulator of Alternative Business Structures (ABS).
The chair of the SRA Charles Plant said: "It is important to set the record straight. The suggestion that the delay in the introduction of SRA-licensed ABS is attributable to the SRA is simply wrong."
On the two issues which have been cited as a cause for the delay - the mechanism for appeals against SRA decisions and the provision to exempt owners and managers from the Rehabilitation of Offenders Act - Mr Plant said the SRA's position has been established and public for a long period and had
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