New NALC Model Financial Regulations 2019

Model Financial Regulations 2019 for England and Wales and supporting guidance is now available.

Changes from 2016 version are very minor, namely;

  1. Restriction added to Regulation 11.1.a.ii: Clarifying disapplication of contract regulations to legal professionals limited to those acting in disputes only – not general legal work.
  2. Update to limits under Public Contract Regulations – footnote to Regulation 11.1.b
  3. Minor change to heading Regulation 12

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Posted Sunday, 25th August 2019