EFIS 35, March 2018 : Conveyancing - Law Society

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Pursuant to the information supplied to you on EFIS No. 114/2017 concerning the Law Society's press release dated 15th November 2017, the changes to the definition of a "clearing bank" in condition 1.1.1(b) of SCS have now been agreed between Oyez's representatives on the Joint Working Party and their Law Society counterparts.

These amendments have arisen as a result of the Bank of England taking direct delivery of the CHAPS system on 13th November.

Conveyancers are now requested to use this 2018 edition of SCS on and after 26th March.

More detailed information regarding these amendments to SCS is available at:-

http://www.lawsociety.org.uk/news/stories/revisions-to-standard-conditions-of-sale-and-standard-commercial-property-conditions and in the Law Society's Gazette or online at http://www.lawgazette.co.uk

Also, a minor amendment has been made to CON29E which can be used immediately.

Forms affected

SCS1_2_Flexi	Contract incorporating the Standard Conditions of Sale (Fifth Edition - 2018 Revision)	New/Amended
SCS1_2	Contract incorporating the Standard Conditions of Sale (Fifth Edition - 2018 Revision)	New/Amended
CON29E	Request for a search of the register kept pursuant to section 79 of the rent act 1977.	New/Amended

Crown copyright forms are reproduced with the permission of the Controller of the Stationery Office. Law Society forms are reproduced with the permission of the Law Society. Legal Aid Forms are produced with the permission of the LSC.