Written Question·Ministry of Justice·UIN 31342

Solicitors Regulation Authority: Financial Services Compensation Scheme

Tabled: 12 February 2025

Answered: 24 February 2025

Question

Anna Gelderd

To ask the Secretary of State for Justice, what assessment her Department has made of the role of (a) Solicitors Regulation Authority-regulated lawyers and (b) Financial Conduct Authority-regulated financial advisers in facilitating qualifying recognised

Answer

Sarah Sackman

The legal profession in England and Wales operates independently of government. The responsibility for regulating the sector sits with the approved regulators, overseen by the Legal Services Board (LSB). The Solicitors Regulation Authority (SRA) is respon...

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