Regulation - LGIC

Law Society Act: Proposed Regulation

Regulation Number(s):
Instrument Type:
Regulation - LGIC
Bill or Act:
Law Society Act
Summary of Decision:
This regulation was filed on December 8, 2015.
Further Information:
Proposal Number:
Posting Date:
October 7, 2015
Summary of Proposal:
The Board of Trustees of the Law Foundation of Ontario has made amendments to Regulation 709, subject to the approval of the Lieutenant Governor in Council, to remove the requirement for lawyers and paralegals to submit information about mixed trust account balances in their annual Form 1 report to the Law Foundation. Instead, the Regulation would require lawyers and paralegals to submit such information as part of their annual report to the Law Society of Upper Canada. The purposes of the proposed amendments are to increase compliance with Law Foundation reporting requirements and to streamline the reporting process for lawyers and paralegals.
Contact Address:
Ministry of the Attorney General
Justice Policy Branch
720 Bay Street, 7th Floor
Toronto, ON M7A 2S9
Effective Date:
December 8, 2015