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Regulatory Compliance

Regulatory compliance matters frequently feature in Tahir Ashraf’s practise and in addition to his commercial work, he accepts instructions in these matters too. His compliance work includes banking, ACCA as well as the legal profession bodies.

Regulatory Compliance with Rules is essential for the proper functioning of any business and professional service provider

Regulatory Compliance with Rules is essential for the proper functioning of any business and professional service provider, particularly in 2016.


Adherence to regulations and rules is increasingly at the forefront of businesses large and small. Regulatory compliance can be often be achieved through a proactive approach and combined with strategic thinking. Forward planning can add value because it can help to assure compliance.

Tahir as an independent barrister is ideally positioned to help you with your compliance matters because he can help you to assess your risk profile as against the regulatory framework to maximise compliance.

In banking compliance Tahir’s work has included advising with anti bribery and anti corruption regulations. He has also advised on regulatory compliance in respect of the Solicitors Regulation Authority rules concerning fitness to practise, supervision of trainees, handling client funds as well as practice management in light of the personal insolvency of a managing partner of a law firm arising out of unforeseen personal circumstances. He has successfully advised on and helped the solicitor concerned to retain a practising certificate with restrictions which meant that the individual concerned was able to continue to earn a living working as a solicitor in very difficult personal circumstances.

Tahir has also advised on an appeal to the ACCA where the panel decided to withdraw an auditor’s eligibility for audit registration following an unsatisfactory outcome to an Audit Monitoring visit. The effect of which was the immediate revocation of the auditor’s license. Tahir outlined serious irregularities and issues concerning due process and an abuse of process. There also arose questions in respect of undertakings being given by ACCA representatives to the auditor in question.

Other regulatory compliance work has more recently focussed on advising barristers on compliance with the Code of Conduct against wrongful allegations of serious breaches of the Code, allegations of dishonesty and professional misconduct, as well as allegations of breach of confidentiality and data protection.

For help with your regulatory compliance matters you can contact Tahir by filling out the form below.

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