STOP PRESS LSS SGM
25TH January 2018
The SGM agenda will be sent out this Wednesday with the online electronic voting opening at noon that day till the following Wednesday. There are two motions on the agenda. The first relates to changes in LSS incidental financial business rules due to a new EU insurance distribution directive. The second motion relates to changes in the practice rules in relation to complaints recording and the new anti money laundering regulations.
We are concerned that these new practice rules might impose a duty upon solicitors to snoop and report upon each other and that the terms of such a requirement may be inconsistent with confidentiality and privilege and mutual trust within the profession.
At present, we cannot confirm what precisely has to be voted upon but we shall update our website at www.slas.co.uk as soon as we reasonably can. We would ask members to watch for information and to be sure to lodge an electronic vote, if so advised. Otherwise, you may, at your own peril, simply ignore this development