This Practice Note is based on reporting requirements in the SRA Codes of Conduct 2019 (in force from 25 November 2019) as amended by the SRA Regulatory Arrangements...
There is a regulatory requirement to appoint a COFA but no requirement to: • issue the COFA with a job description or job responsibilities • reflect those...
There is a regulatory requirement to appoint a COLP but no requirement to: • issue the COLP with a job description or job responsibilities • reflect those...
This Practice Note discusses the approval process all prospective compliance officers for finance and administration (COFAs) must go through to be approved by the...
This Practice Note explains the duties and qualifying requirements for a Compliance officer for finance and administration (COFA). The COFA is responsible for ensuring...
This Practice Note discusses the approval process a prospective compliance officer for legal practice (COLP) must go through to satisfy the SRA's Suitability Test and get...
The compliance officer for legal practice (COLP) sits at the heart of the firm's regulatory arrangements. This does not mean that the firm and its managers can abdicate...
This Practice Note provides guidance on the role and responsibility of compliance officers in law firms, ie the Compliance Officer for Legal Practice (COLP) and...
This Practice Note contrasts the requirements in the SRA’s 2011 and 2019 regimes in relation to compliance officers (COLPs and COFAs) and breach reporting. For more...
Historically, only solicitors were subject to professional rules and requirements rather than the entities through which they practised. Since March 2009, the Solicitors...
This Practice Note sets out details of the various bodies that have responsibilities for and interests in legal complaints handling, including the Legal...
The Legal Services Board (LSB) is the single independent oversight regulator of the legal profession and sector in England and Wales. It does not directly regulate...
At the end of September 2017, the SRA launched a further consultation as part of its ‘Looking to the Future’ reforms of the SRA Handbook. The consultation, Looking to the...
Less than five years since the SRA Handbook 2011 came into force in October 2011 (and sixteen versions later), the SRA published a consultation paper Looking to the...
The SRA Accounts Rules are due for an overhaul. Following two earlier reviews, the SRA made changes to the rules in 2015 and 2016, focusing mainly on accountants'...
Less than five years since the SRA Handbook 2011 came into force in October 2011 (and sixteen versions later), the SRA published a consultation paper Looking to the...