Notaries Practice Rules & Notaries (Conduct & Discipline) Rules
The Master of the Faculties is proposing to make new rules to replace the Notaries Practice Rules 2014 and some minor amendments to the Notaries (Conduct & Discipline) Rules 2015. The majority of the proposed changes arise from the requirements for greater transparency in the legal services market to assist consumers to make an informed decision when choosing which notary (or other lawyer) to instruct set out in the Competition and Markets Authority (CMA) report published in December 2016.
We are also proposing some changes to both sets rules which relate specifically to the ‘fit and proper persons’ requirements under the Money Laundering and Terrorist Financing Regulations 2017 which also have wider application.
A detailed explanation of the proposed changes and the rationale is set out in the consultation document which is available here
The consultation is open until close of business on Thursday 7th February 2019 and responses may be sent by email to: email@example.com
or by post to: The Registrar, The Faculty Office, 1 The Sanctuary, Westminster, SW1P 3JT
Practice Authorisation (Entity regulation)
Practice Authorisation Consultation. The consultation raises important issues for the profession, particularly around the holding of client monies.
The draft rules referred to in the consultation may be viewed here: Draft Notarial Practice Authorisation Rules.
This consultation CLOSED on 18 June 2018.
3rd December 2018
The response of the Faculty Office to the Consultation can be found here: