The Solicitors Regulation Authority (SRA) is to establish an indemnity scheme for future consumer protection for post six-year negligence.
The existing solicitors indemnity fund arrangements, operated by the Solicitors Indemnity Fund Limited (SIFL), will be replaced with the SRA’s own indemnity arrangements from September 2023.
The SRA board took the decision to introduce SRA-run indemnity arrangements, which will maintain consumer protection for post-six year negligence as a regul...
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