COLP Update & Refresher - What's New & What’s Next?

Introduction

Whether you are new to the role, or have some experience in post, being a COLP is a serious and often daunting task.

This comprehensive seminar will discuss the role and obligations of the COLP and how they should be met together with the latest SRA guidance and warning notices.

Consideration will also be given to what is on the COLP agenda for the next 12 months.

What You Will Learn

This course 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
• When to get involved in a conduct issue being handled by HR and how to build a good relationship with your HR team
• Record keeping (to include recording non-material breaches) and how to do it well
• Personal liability
• The latest SRA guidance, warning notices and how COLPs should tackle these
• How to tackle compliance with a good plan to include how to assess risk, risk registers and file reviewing
• AML and financial crime compliance to include the latest developments
• Other compliance areas such as transparency rules, anti-bribery and corruption, anti-tax evasion, insurance distribution and more
• What is on the COLP agenda for the next 12 months?
• Interactive scenarios and questions to discuss