The Solicitor Regulation Authority's (SRA) board has agreed to allow solicitors to make referrals to restricted advisers causing consternation within the industry.
The move follows a recommendation to the board made on Monday following a consultation which took place between July and September 10. The board's decision overturns the SRA's original position which was to only allow referrals to independent advisers. This decision will not come as a surprise to anyone in the industry as providing solicitors with the freedom to choose restricted or independent advisers was the body's preferred outcome from the start. Agnieszka Scott, SRA director of policy, said the move will allow solicitors to refer in the best interests of the client. "Soli...
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