City lawyers slam SRA’s proposal for unlimited fines

Report by Legal Cheek on the CLLS's response to the SRA's financial penalties paper, noting arguments that the proposals are "arbitrary" and "flawed".

In a detailed response to the plans, the CLLS accused the SRA of failing to properly consider the likely impact of fines on firms and individuals, making it difficult to understand how the SRA believes its scheme aligns with its own obligations.