ACA辽宁：ICAEW a new regulator of probate services

　　ICAEW has been given power to regulate probate services as a Licensing Authority for those wishing to conduct probate and form alternative business structures (ABS). This power has been granted by a statutory designation order that became law today.  It means that ICAEW Chartered Accountants and ABSs licensed by ICAEW for this reserved legal activity can provide probate services directly to consumers.

　　Vernon Soare, ICAEW Executive Director, said:

　　“In approving the statutory order, Parliament has confirmed the Lord Chancellor’s ground breaking decision to endorse ICAEW’s application as the first non-legal body able to regulate probate services and license alternative business structures . It is practical evidence of the role that the Legal Services Board is playing in transforming the provision of legal services and giving more choice to the consumer. Consumers looking for probate services will now be able to use appropriately qualified ICAEW Chartered Accountants and ICAEW licensed ABS as an alternative to traditional providers.

　　“Over 250 firms have already expressed interest in accreditation and we believe this number will grow significantly once the opportunities afforded by probate and the use of ABSs are more fully understood. ICAEW plans to issue the first licences later in September.”

　　Further information can be found at www.icaew.com/abs
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