Whenever the government interferes in the free market it creates levels of bureaucracies that would otherwise not exist. The financial Services Act is no different than any other time congress has attempted to protect consumers by making new law. What they accomplish is causing more layers of regulations that is confusing to the consumer and harder on the regulatory agencies that are tasked with upholding the law that was created. The law certainly made a solicitor's job more difficult and confusing.
The Financial Services and Markets Act did make it extremely tough on a solicitor, but this was the right move. Before the Act was passed, the many solicitors did not have enough boundaries and many would unnecessarily harass people. The Act just put the proper constraints on solicitors to protect the general public.
I believe the Financial Services and Markets Act of 2000 made it a nightmare for a solicitor to comply with. There are a multitude of laws that must be adhered to prior to a job or service being undertaken, during the execution of the job or service, and at the end of the job or service. Any unforeseen circumstances which arise during the course of the job or service then require that a whole new set of requirements be met.
I believe the Financial Services and Markets Act of 2000 made a solicitor's job more difficult. Adding rules to this already law-laden occupation add a level of complexity that solictitors are trying to this day to efficiently deal with. Sometimes laws are best left alone as they are. If not, then these types of problems ensue.
On the whole I do not believe the Financial Services and Markets Act of 2000 made a solicitor's job more difficult. The main reason I say this is the fact that there is an exception for solicitor's. Secondly, if they still wanted to do regulated work all they would have to do is become authorized.