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CA
Mazur review: Regulators seek to move on but LSB criticised
['Neil Rose']
Legal Futures
Legal regulators have accepted the Legal Services Board’s (LSB) finding that they missed opportunities to address the issues that came to a head in the Mazur case.
“While CILEX has always done its best to communicate the latest regulatory guidance available, we know that we have not always got it right.”
In a statement, CRL said: “We recognise the importance of clear and consistent regulatory guidance in ensuring effective regulation in the consumer interest.
“We look forward to working with the other regulators, and LSB, to understand how and where we can move toward such an approach across all areas in future.”
Law Society vice-president Brett Dixon said: “The LSB’s review rightly states that inconsistent regulatory interpretations created unnecessary uncertainty across the legal sector.