Law Society of Ontario approves AML amendments

In November 2019 the Convocation (Board of Directors) of the Law Society of Ontario approved in principle amendments to by-laws designed to combat money laundering and terrorist financing. The amendments which build on existing regulation include: a requirement that licensees identify and record the source of client funds for a transaction clarification with respect to…

Law Society of Ontario technology task force releases initial observation report

In November of 2019, the Law Society of Ontario’s technology task force released their initial observations and  recommendations over future regulatory approaches to tech and how it could appropriately facilitate access to justice. The Technology Task Force has been established with the aim of reviewing the Law Society’s regulatory mandate, framework, and standards to determine…

Ontario Attorney General Doug Downey reveals new legal regulation strategy

Ontario Attorney General Doug Downey has unveiled Bill 161, which is designed to both implement Legal Aid Services Act, as well as amending the Law Society Act. The act is designed to ease the regulatory burden, as well as creating some accountability from lawyers. Some of the proposed changes include: raising maximum fines for lawyers to…

post

Sustainability of self-regulation scrutinized in Ontario

Bencher candidate John Nunziata says he thinks the provincial government may have to intervene in the legal profession’s self-regulation model following the bencher election ending April 30. Nunziata told Law Times that he has heard the proposition of reviewing the Law Society Act discussed among Ontario’s members of provincial Parliament who watch the legal profession. However, Law Times requested interviews…

Regulatory Reform in Ontario: Machine Learning and Regulation

Abstract Government regulation of individual and business activity is part and parcel of modern society. But many businesses face difficulties in understanding and navigating the legal hurdles, rules, and uncertainty that come with modern regulation. Many governments in Canada have taken steps to reduce this burden by streamlining regulation and cutting unnecessary red tape. In…

80% of major jurisdictions use central qualifying assessment

In an international benchmarking exercise, the Solicitors Regulation Authority (SRA) in England and Wales finds that almost 80% of the jurisdictions surveyed have a common assessment as part of lawyer qualification. Press release on SRA website Report on SRA website