Law firms have high levels of concern over the legal liability and regulatory penalties posed by lighter regulation under the government’s Leeds Reforms, according to a survey by compliance training provider Skillcast.
When the reforms were announced earlier this year, the government said the changes will ‘tear down the barriers to attracting investment in the finance sector by reintroducing informed risk-taking into the system, cutting unnecessary red tape, driving more finance into public markets and actively helping international companies to set up in the UK’.
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