Firms who co-operate and actively engage with their regulator will reap the benefits, says the Solicitor’s Regulation Authority (SRA). A year on from the introduction of outcomes-focused regulation (OFR), the SRA is stressing the importance of firms creating a firm-wide culture of compliance. Key to making the relationship work will be the SRA’s liaison with the nominated compliance officers for legal practice (COLPs) and compliance officers for finance and administration (COFAs).
For full article, please visit New Law Journal
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