This comprehensive and highly practical one day course gives all law firm partners and managers with responsibility for compliance with specific information and guidance to meet SRA requirements.
Objectives:
- To provide an understanding of the SRA’s regulatory regime
- To give guidance on how to comply with Outcomes Focused Regulation (OFR)
- To set out the specific tasks of the Compliance Officers
- To identify what information the SRA will require of firms
Contents
- What OFR means in practice
- Tackling Principles, Outcomes and Indicative Behaviours
- SRA risk assessments and supervision
- The impact of firm-based regulation
- Information and Monitoring requirements
- The role of the COLP and COFA
- Authorisation Rule 8
- Key chapters in the Code of Conduct 2011
- Chapter 1 – client care
- Chapter 7 – Business Management
- Chapter 10 – you and your regulator
- Developing Compliance plans and assessing risk
- Dealing with undertakings
- Anti Money Laundering
- Data security and protection
- Conflicts and confidentiality
- Equality and Diversity
- Outsourcing
- Business continuity
- Making and receiving referrals
- SRA Accounts Rules compliance
- Liability issues
By the end of the course delegates will be able to:
- Identify what is required by the SRA
- Recognise their obligations under OFR
- Take steps to prepare the necessary plans, systems and controls
Trainer: Peter Warner, MBA, Solicitor and Consultant Compliance Officer. Peter regularly advises the country’s top firms on Risk Management, Compliance and Quality Standards. Between April and October 2010 Peter was involved in the Relationship Management pilot project with the SRA, part of their move towards Outcomes Focused Regulation.