16 December 2018

BSB introduces new intervention rules

23 November 2018

The Bar Standards Board (BSB) has today published an updated version of its Handbook to introduce new rules governing regulatory interventions. The new rules are needed because the BSB has been given the statutory power to intervene into barristers' practices in the very unlikely event that something has gone so seriously wrong that intervention is necessary to protect clients.

The powers are similar to those already held by the Solicitors Regulation Authority (SRA) in relation to solicitors' firms and come into force following a period of public consultation in 2015 and the subsequent approval by the Legal Services Board and Parliament of the necessary Order under the Legal Services Act.

The BSB has had powers of intervention in relation to Alternative Business Structures (ABSs) since April 2017.

The regulator has appointed two specialist intervention "agents" to act on its behalf should it deem it necessary to intervene in a barrister's practice.

Director of Strategy and Policy Ewen MacLeod said: "These new powers of intervention are an important addition to our range of regulatory tools. We expect to have to use them very infrequently and only in the rarest of situations where intervening is the only way in which we can safeguard clients' interests." 

ENDS

 

Notes to editors

About the Bar Standards Board

Our mission is to regulate barristers and specialised legal services businesses in England and Wales in the public interest. For more information about what we do visit: http://bit.ly/1gwui8t

 

Contact: For all media enquiries call: 0207 611 1452 or email press@barstandardsboard.org.uk