Compliance plan 2011 [Archived]
Compliance plan 2011 [Archived]

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

  • Compliance plan 2011 [Archived]

    1. 1

      Introduction

      1. 1.1

        This document sets out our plan for complying with the numerous regulatory requirements that apply to our business and forms part of our overall risk management strategy. Some of the regulatory requirements are imposed by the SRA; others apply to all businesses.

      1. 1.2

        Failure to comply with regulatory requirements or properly manage our regulatory risks can have the following consequences:

        1. 1.2.1

          clients may not receive the level of service they are entitled to expect, which may result in complaints or negligence claims

        1. 1.2.2

          our reputation could be damaged

        1. 1.2.3

          the firm or individuals within the firm could be disciplined by the SRA or another regulator, which could lead to fines, disqualification or other sanctions

        1. 1.2.4

          the firm or individuals within the firm could be exposed to criminal prosecution

      1. 1.3

        We have always taken compliance extremely seriously and will continue to do so.

    1. 2

      Compliance officers

      1. 2.1

        Title and identity

        1. 2.1.1

          Central to this plan is the appointment of our:

          1. (a)

            compliance officer for legal practice (COLP) and

          1. (b)

            compliance officer for finance and administration (COFA)

        1. 2.1.2

          These are collectively known as our compliance officers.

        1. 2.1.3

          The current compliance officers and their deputies are listed in Appendix 1. This may be updated from time to time; if so, we will ensure that staff are notified of any changes.

      1. 2.2

        Areas of responsibility

        1. 2.2.1

          Between them, the COLP and the COFA are responsible for all aspects of compliance, although

Popular documents