LSB’s consultation on the proposed amendments to the levy rules

LSB’s consultation on the proposed amendments to the levy rules

consultation-document-review-levy-rulesLSB’s consultation on the proposed amendments to the levy rules made under sections 173-174 of the Legal Services Act 2007

The LSB launched the first consultation on proposed amendments to the levy rules since 2010. This consultation focuses on the contributions that approved regulators pay to the LSB and OLC, the Board of the Legal Ombudsman. There are three main areas for consultation in relation to the costs of the Legal Ombudsman:

  • • to use a three-year reference period initially ending 31 March 2014 to calculate the average number of complaints and the end date being rolled forward one year for each levy period. (paragraph 31)
  • • using actual data captured by the OLC to determine the levy payable by each approved regulator instead of historic complaint information to recoup their leviable expenditure – currently the costs of the Legal Ombudsman (paragraph 32)
  • • a minimum contribution of £5,000 for OLC leviable expenditure for all approved regulators who have approved regulatory arrangements (paragraph 36).

You can download the consultation paper here. (pdf, opens in new window).

The consultation closed on 18 February 2014.