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<p>The legal profession in England and Wales operates independently of government.
The responsibility for regulating the sector sits with the approved regulators, overseen
by the Legal Services Board (LSB). Lawyers involved in setting up trusts are subject
to regulation by independent regulators.</p><p>The Solicitors Regulation Authority
(SRA) is responsible for regulating the professional conduct of solicitors, as well
as most law firms in England and Wales. The SRA’s role involves protecting clients
and the public, which means they have powers to prevent solicitors in breach of their
standards and regulations from practising.</p><p>Complaints about solicitors’ poor
behaviour and conduct can be made via their website at <a href="https://www.sra.org.uk/consumers/problems/report-solicitor/"
target="_blank">https://www.sra.org.uk/consumers/problems/report-solicitor/</a>. If
found in breach of said standards and regulations, the SRA has the power to impose
a disciplinary sanction against a firm or individual. Further information on the type
of sanctions that can be imposed can be found here: <a href="https://www.sra.org.uk/consumers/solicitor-check/sanctions/#:~:text=We%20may%20impose%20a%20disciplinary,of%20all%20firms%20we%20authorise."
target="_blank">SRA | Sanctions | Solicitors Regulation Authority</a></p><p>According
to the Legal Services Act (LSA) 2007, setting up a trust is not a reserved legal activity.
HM Treasury may be better placed to respond to any questions about financial intermediaries
and their role in setting up trusts.</p>
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