The Solicitors Regulation Authority (SRA) and the FCA have been working closely over the last year to ensure the best way to regulate consumer credit activities. In light of this, the FCA has approved changes to SRA rules that will allow solicitors to carry out certain consumer credit activities that are central to the legal services they provide. This will mean that the majority of firms will no longer have to be dual regulated by the SRA and the FCA, but will still ensure that the consumer is protected. The proposal is now awaiting final approval from the Legal Services Board. If the Legal Services Board gives its approval, it is thought that the changes to the SRA Handbook will come into effect on 1 April 2016.