Rule Change Consultation
The Faculty Office has launched a consultation on changes to the Notaries Practice Rules 2014 and the Notaries (Conduct & Discipline) Rules 2015 arising principally from the transparency requirements set out in the CMA Report of December 2016 and which can be accessed here: Consultations.
Whistle Blowing Policy
The Faculty Office has updated and published its whistle blowing policy which may be viewed here: Whistle Blowing Policy.
Anti-Money Laundering Guidance for the Legal Sector
The AML Legal Supervisors have agreed Legal Sector Anti-Money Laundering Guidance: Approved AML Guidance taking account of the changes introduced by the Money Laundering Regulations 2017 (http://www.legislation.gov.uk/uksi/2017/692/made) which came into force on 26 June 2017. The revised guidance has now received formal approval by HM Treasury following some minor changes to the draft which was published in September 2017.
CMA legal services market study – Consultation period extended
The Faculty Office is encouraged by the response to the Master of the Faculties consultation on the proposals contained in his action plan to deliver greater transparency for consumers. However, following a request from key stakeholders, we have decided to extend the consultation period for a further two weeks until close of business on Thursday 14 December 2017. The Consultation Document may be viewed here:Master of the Faculties CMA Consultation
CMA legal services market study – Consultation
The Master of the Faculties, in common with the other frontline regulators in the legal sector, has launched a consultation on the proposals contained in his action plan to deliver greater transparency for consumers. This represents the next key stage in the implementation of the recommendations in the Competition and Markets Authority’s (CMA) legal services market study report. The Consultation Document may be viewed here:Master of the Faculties CMA Consultation
This consultation sets out the Master of the Faculties approach to delivering the CMA recommendations. We welcome responses from members of our regulated community and other stakeholders including consumers of legal services, consumer organisations and any other interested parties.
The Consultation will close at 5pm on Thursday 30th November 2017
The annual Practising Certificate Renewal forms have been posted out to all notaries. In addition to the renewal form, your completed application form will also require a CPE training record: CPE Training Record; and a completed Diversity Questionnaire: Diversity Questionnaire. Please accept our apologies if either of these documents were omitted from your renewal pack.
Competition and Markets Authority’s legal services market study.
The Master of the Faculties, in common with the other frontline regulators in the legal sector, has today published his action plan to deliver greater transparency for consumers. This represents a key stage in the implementation of the recommendations in the CMA’s legal services market study report. The action plan may be viewed here:Master of the Faculties CMA Action Plan
The Faculty Office continues to collaborate with the other regulators via the Remedies Programme Implementation Group in order to maintain progress on this important issue.
The Legal Services Board will, in keeping with the CMA recommendations directed to it, assess all the action plans over the summer and continue to monitor progress on these reforms.
The Faculty Office has launched a Consumer Survey which is intended to help us better understand the needs of the users (consumers) of notarial services in England and Wales and to help us to develop policies and guidance to assist those we regulate to provide excellent service to consumers. If you have recently used the services of a notary public, please take a few moments to complete the survey. Create your own user feedback survey
The Notaries Society Conference was held in Cardiff on Friday 23rd September which was attended by the Master and members of the Faculty Office. The Master’s annual address to the Society can be read here:
Master’s Address to The Notaries Society Annual Conference 2016
On Saturday 17th September, many of those who successfully passed year two of the Notarial Practice Course at University College London attended a ceremony and reception at UCL to mark their ‘graduation’. Many have already gone on to apply to be admitted as Notaries Public and have commenced practise. Graduation Photograph