The COLP Report: 10 weeks to C-Day

The COLP Report: 10 weeks to C-Day

Comply or die...

 

C-Day is 31 March 2012, the deadline for nominating your COLP and COFA to the SRA.  In the first of our monthly COLP Reports, Allison Wooddisse, Head of Practice Compliance, explains what this means for your firm.
Do I have to?

Appointing a COLP and COFA isn’t optional; it’s compulsory under the SRA Authorisaton Rules.

Your COFA must ensure you comply with the new Accounts Rules.  Your COLP cops for everything else: the rest of the new, 500-page SRA Handbook; the terms under which your firm is authorised and a raft of legislation covering bribery, money laundering and data protection, to name just a few.

What’s the process?

The SRA ha

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About the author:
Allison is a former partner of Shoosmiths, with extensive experience of legal management and practice compliance.