Changes to the CLC's Accounts Code

13 February 2017

Changes to the CLC's Accounts Code are proposed to reduce the regulatory burden on specialist conveyancing and probate firms by: 

  • Simplifying the Accounts Code (in future five pages rather than ten)
  • Introducing a new self-certification scheme for Aged Balances to give firms more discretion
  • Replacing guidance with a more focused Practice Note 

The CLC is also asking whether any further changes are needed to take account of issues around keeping accounts in probate matters. 

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