Conveyancing Quality Scheme (CQS) practice management standards—Precedents content map from 1 May 2019
Conveyancing Quality Scheme (CQS) practice management standards—Precedents content map from 1 May 2019

The following Practice Compliance practice note provides comprehensive and up to date legal information covering:

  • Conveyancing Quality Scheme (CQS) practice management standards—Precedents content map from 1 May 2019
  • 1. Risk management
  • 2. Financial management
  • 3. Supervision and operational risk management
  • 4. Client care
  • 5. File and case management
  • 6. Information management

The Law Society's Conveyancing Quality Scheme (CQS) is a quality standard for residential conveyancing practices. According to the Law Society, achievement of membership will establish a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers).

This Practice Note identifies specific Precedents within Lexis®PSL that you could use or adapt to comply with individual CQS requirements from 1 May 2019.

1. Risk management

StandardCQS requirementPrecedents you could use or adapt
1.1Practices will have a risk management policy, which must include:
a. a compliance plan
b. a risk register
c. defined risk management roles and responsibilities
d. arrangements for communicating risk information
Risk management policy—law firms
Compliance plan—law firms—2019
Risk register
Risk manager role profile

Law Society general guidance notes—1.1

A compliance plan should set out the ways in which practices will comply with their regulatory obligations, such as:

  1. Solicitors Regulation Authority (SRA)

  2. Solicitors Accounts Rules

  3. health and safety

  4. anti-money laundering (AML)

  5. anti-bribery, and

  6. data protection

The risk register often divides risks into the following categories:

  1. strategic

  2. financial

  3. operational

  4. compliance, and

  5. breaches (material and non-material)

For further information, see subtopic: Compliance plan.

StandardCQS requirementPrecedents you could use or adapt
1.2Practices must have a policy in relation to Stamp Duty Land Tax (SDLT), which must include:
a. how to audit trail the SDLT calculation and advice
b. how and when to make checks between
Related documents:

Popular documents