The Business Law Department lobbies for changes in areas of the law and regulation which are relevant to accountants and the accountancy profession. It also contributes, where possible, to proposed changes in the law and provides guidance on the outcomes.
In general, these relate to the law in the UK, though lobbying for change is carried out internationally, where appropriate. Guidance is issued formally in technical releases or in the regulations standards and guidance, or informally through articles in ICAEW magazines, newsletters or elsewhere.
The department does not deal with ICAEW's regulation of its own members and member firms. For information on these, reference should be made to the regulations, standards and guidance. Law relating to specific areas of accountancy practice or specific industry sectors may also covered by the faculties or the special interest groups.
There is a strong inter-relationship between the law and ethics. Compliance with the law in a well-functioning democracy is an integral aspect of integrity. Where ethical considerations have a particular impact in relation to legal matters, this has been integrated into the guidance given. For other material related to ethics, reference should be made to the ethics lead page.
The team members have considerable expertise in their own right in their relevant areas, and have access to more through the ICAEW's system of technical committees and working parties.
Working with the volunteers on their committees, team members make formal and informal representations; draft guidance and handbook statements; brief office holders, other stakeholders and press as required; and represent ICAEW and the profession on various external committees, including relevant FEE (European Federation of Accountants) committees.
Felicity is Head of Business Law at ICAEW. She has a wide range of responsibilities, including oversight of all ICAEW technical work on business law including economic crime, company law and regulatory requirements not dealt with elsewhere at ICAEW.
Felicity has particular experience in the areas of economic crime (where she represented ICAEW and the accountancy profession for more than 20 years), the regulation of legal services (including promoting fair competitive conditions between lawyers and accountants providing equivalent services) and other emerging areas of regulatory oversight of the activities of professional accountants.
Liz Cole joined ICAEW's Technical Directorate in October 2003 as Business Law Manager reporting to Felicity Banks. Liz is a lawyer and is responsible for Company Law (including distributable profits) and Pensions. Before joining ICAEW, Liz qualified as a lawyer at Linklaters in 1999 and practiced law there for four years in the tax department.
David is responsible for the areas of economic crime and ethics.
He is a LLB graduate and trained with Deloitte before moving into professional education with Kaplan, specialising in the subjects of Company Law and Ethics.
Prior to his current role he worked on the ICAEW Technical Enquiries line, dealing with member queries on technical and ethical matters.
Jane joined ICAEW's Technical Directorate in November 2013 as Business Law Manager reporting to Felicity Banks. Jane is responsible for business law and regulatory requirements not dealt with elsewhere at ICAEW.
Before joining ICAEW, Jane worked as an audit manager for EY and KPMG in London, Amsterdam and Cambridge.
E mail: Charles.firstname.lastname@example.org
Charles is responsible for the areas of company law, insolvency, workplace pensions, charities and social housing.
E mail: Mrinal.Vijay@icaew.com
Mrinal joined ICAEW’s Technical Directorate in January 2016 as Business Law Manager. He is responsible for the areas of company law, insolvency, charities and pensions.
Mrinal is also a legal research scholar at Durham University from where he graduated with a first class distinction in International Trade and Commercial Law (LL.M) in 2013. He then undertook a study in International Development at the University of Cambridge.
Prior to joining ICAEW he worked within the financial services dispute resolution team at Freshfields Bruckhaus Deringer and DENTONS.