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 Communities.
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Working with the volunteers on their committees, team members make formal and informal representations; draft guidance and handbook statements; brief office holders, other stakeholders and press as required; and represent ICAEW and the profession on various external committees,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.
E mail: Charles.firstname.lastname@example.org
Charles became head of the business law department in January 2017 and has a particular focus on company law, insolvency, workplace pensions, charities and social housing
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.
Sophie is responsible for the areas of economic crime and ethics.
She is an Economics graduate and trained as a Chartered Accountant and Chartered Tax Adviser at PwC.
Prior to her current role she worked in Professional Standards, dealing with conduct complaints about tax 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.