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Regulatory and Conduct news May 2023

A round-up of regulatory news items

Regulation and Conduct News

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June 2023 April 2023
Displaying 1-7 of 7 results
Update to Part 2 Q, probate engagement letters
Firms authorised or licensed to carry out probate services must make their clients aware of the compensation arrangements and complaints process. In the case of the ‘complaints’ procedure, this should be applied for both legal and non-legal services. The Technical Advisory Services (TAS) team has updated Part 2 Q of the engagement letters helpsheet to reflect changes to the Legal Ombudsman scheme rules, effective from 1 April 2023. Only sections 3, 3.1.3, 3.1.6 and 3.1.9 have been updated. Note that the helpsheet package as a whole has not had a full review on this occasion.
Our response to FCA regulated fees and levies: Rates proposals 2023/24
  • PDF (116kb)
ICAEW welcomes the opportunity to comment on the consultation document CP23/7 FCA regulated fees and levies: Rates proposals for 2023/24 published by the Financial Conduct Authority in April 2023
Your Insolvency Monitoring Review leaflet
  • PDF (345kb)
Access the new leaflet to find out what to expect at your insolvency monitoring review visit.
Insolvency News, Issue 13 (May 2023)
In this issue, read about SIP 16 reviews, insolvency compliance reviews, proposed changes to SIP 3.3 (Trust Deeds) and changes to our pre-visit information requests. You can also access resources such as webinar recordings and register for this year’s Restructuring & Insolvency Conference. Plus, make note of upcoming changes to CPD and other news in the Professional Standards Department.
New disciplinary framework: challenging disciplinary decisions
ICAEW's new disciplinary framework comes into effect on 1 June. In the run up to the launch, Duncan Wiggetts, Chief Officer for the Professional Standards Department (PSD), tells us more about changes to the processes for challenging disciplinary decisions and orders.
HMRC bulletin: improvements to form VAT7
  • PDF (90kb)
Read HMRC's latest update on form VAT7: Application to cancel your VAT registration. The questions have been amended to reflect feedback from IPs.
Issue 28 May 2023
In this edition, we remind you about new requirements for ongoing discrepancy reporting that came into force on 1 April 2023, invite you to our next webinar and sign-post guidance and helpful resources such as new AMLbites videos.
Displaying 1-7 of 7 results
June 2023 April 2023
Useful links

Please make use of the following resources to ensure you are up-to-date with the latest regulatory information and news: