Legal regulation requires deep specialist knowledge, SLC says
Summary
The Society of Licensed Conveyancers argues that legal services regulation should be based on specialist expertise rather than consolidation into a single larger regulator. It says conveyancing in particular faces distinct risks, including fraud, cybercrime, lender requirements, anti-money laundering obligations and digital transformation, which require deep market knowledge and active oversight.
Why it matters
Residential property surveyors work alongside conveyancers in the home-moving process, so changes to legal regulation can affect transaction risk, consumer protection and the efficiency of property sales. The article also highlights issues such as fraud, lender risk management and home-buying reform, all of which can influence surveyors’ reporting and professional interfaces.
Key points
- SLC supports stronger oversight but opposes centralisation as a solution in itself.
- The organisation argues for regulation by specialism, with regulators focused on areas where they have deep expertise.
- Conveyancing is described as facing sector-specific risks including fraud, cybercrime and anti-money laundering obligations.
- The SLC backs the Council for Licensed Conveyancers and says specialist regulation can improve consumer outcomes.
- The SLC plans to continue engaging with the Ministry of Justice on future legal regulation.
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