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Sheila Kumar

Sheila Kumar. Chief Executive Council for Licensed Conveyancers. The Council for Licensed Conveyancers. Protecting the public interest Providing consumer choice Promoting effective competition. CLC has fostered. Better regulation Better value for money for consumers Better service.

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Sheila Kumar

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  1. Sheila Kumar Chief Executive Council for Licensed Conveyancers

  2. The Council for Licensed Conveyancers • Protecting the public interest • Providing consumer choice • Promoting effective competition

  3. CLC has fostered • Better regulation • Better value for money for consumers • Better service

  4. An evolving market • Very fragmented • Some firms poised for rapid growth • Competition hotting up

  5. Not just a policeman • Understand economic pressures • Want to assist compliance, not catch people out • Want to support good business decisions

  6. Our strategy • Concentrating on strengths • Specialist regulator of specialist lawyers • Improving the regulatory framework to support innovation and growth

  7. Referral Fees • Undertook thorough review • No regulatory case for a ban • Increased transparency

  8. Lenders Panels • Plethora of overlapping schemes • Lack of clarity from lenders • Double regulation

  9. What’s the impact of what’s going on? • Adds quasi-regulatory burdens • Removes consumer choice • Stifles innovation, competition and growth, skewing the market

  10. What lenders tell us • Lenders have confidence in our regulation • LCs have high standards of fraud prevention • Concerned about workloads in a rising market

  11. My hope • Work together to tackle fraud • Regulate once and cleanly • Support consumer choice, innovation and growth

  12. Keep in touch • LinkedIn, Twitter (@CLConveyancers) • CEO@clc-uk.org

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