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Probate and Compensation Scheme Regulations and arrangements with other regulators

There are two sets of regulations for probate accredited firms, Probate Regulations and Probate Compensation Scheme Regulations. In addition there is a memorandum of understanding between ICAEW and the other regulators.

Memorandum of understanding with other regulators

ICAEW works collaboratively with other regulators of legal services where their members practise within ICAEW licensed firms and vice versa. The protocols for enforcement procedures between the bodies are set out in a Memorandum of Understanding effective June 2017.