COLP Masterclass - How to Meet Your Regulatory Obligations

This Masterclass is Limited to 25 Delegates - Book Now to Guarantee Your Place

Introduction

This comprehensive and practical interactive one day course is designed to tackle all the responsibilities attached to the vital role of the Compliance Officer for Legal Practice (COLP). This key position is critical in ensuring that the firm meets its regulatory obligations under the SRA Standards and Regulations How can the COLP best tackle their duties?

• What are the risks and responsibilities?
• What does the COLP have to do in practice?
• Can the COLP face personal liability?
• What impact do the SRA Standards and Regulations have?

Aimed at COLPs, Partners, Risk and Compliance Managers and those involved in a compliance role this course addresses all aspects of the specific obligations attached to the COLP function.

It includes case studies, exercises and guidance on the role and responsibilities of the COLP and will cover the following:

• The SRA approach under Firm Based Regulation
• The responsibilities of the COLP
• Record keeping, monitoring and reporting
• Impact of the SRA Enforcement Strategy
• Obligations under the SRA Standards and Regulations (STaR)
• Codes of Conduct
• Compliance and Business Systems
• Cooperation and Accountability
• Client care
• Developing Compliance plans
• Assessing risk and preparing a Risk Register
• Training and the SRA Competency Statement
• Dealing with undertakings
• Anti-Money Laundering and 2017 Regulations
• Data security and protection
• File reviews
• Conflicts and confidentiality
• Equality and Diversity
• Outsourcing
• Business continuity
• Referrals and introductions
• Transparency Rules
• Insurance Distribution
• Scenarios and dilemmas for the COLP
• Summary

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