Becoming a Law Firm COLP - The Essentials in One Hour - Webinar

Introduction

So, you have volunteered (or been chosen) for the position of the Compliance Officer for Legal Practice (COLP).

Knowing where to begin can seem daunting, as not only is the COLP vital to ensuring that firms meet their regulatory obligations under the SRA Handbook, but the role also carries personal liability, so it is essential that newly appointed COLPs get up to speed with their responsibilities quickly.

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

What You Will Learn

This webinar 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