Becoming a Law Firm COLP - Where to Begin?

Introduction

Taking on the position of the Compliance Officer for Legal Practice (COLP) can be a daunting prospect. Not only is the COLP vital to ensuring that firms meet their regulatory obligations under the SRA Handbook, the role also carries personal liability. As such, it is essential that newly appointed COLPs get up to speed with their responsibilities quickly.

Presented by expert speaker Rebecca Atkinson, this virtual classroom seminar will examine what new COLPs should know and do once they have taken up the position.

What You Will Learn

This live and interactive session will cover the following:

• The regulatory framework COLPs operate under
• Responsibilities of the COLP
• Who should become COLP - choosing the right person
• Key elements of the Codes and SRA Principles
• Compliance systems - what are they and what should all firms have
• Reporting obligations, what is 'serious', the SRA Enforcement Strategy and how to make a report to the SRA
• Record keeping (to include recording non-material breaches) and how to do it well
• Personal liability
• How to go about keeping up to date with regulatory changes and guidance
• How to tackle compliance with a good plan to include how to assess risk, risk registers and file reviewing
• High level list of legal and regulatory compliance areas all COLPs must be on top of to include AML, transparency rules and more

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.