04 May 2012

Regulators agree to share more information

Regulators from across the legal, accountancy, financial and property sectors have signed a formal agreement that will allow even greater sharing of information.

The Memorandum of Understanding (MOU) was completed on 2 May and involves the regulatory community agreeing to co-operate through the sharing of information where it is in the public interest to do so. The MOU has been prompted by the recent liberalisation of the legal services market and in particular the launch of alternative business structures (ABSs), firms that can operate under several regulators at once.

Full press statement regulators' agreement